South African policymakers are anticipated to cut borrowing costs for the first time since 2020, while counterparts in Norway and Turkey may keep them unchanged.
Just a few of the economists surveyed expect a larger half-point reduction at either the central bank’s November or December meeting, according to the poll conducted September 6-11.
Average inflation expectations two years ahead — which the bank’s MPC uses to inform its decision-making — fell to 4.8% in the third quarter, according to a survey.
The new instrument will be convertible into equity in a so-called “bail-in” exercise that avoids the need for a taxpayer bailout if a big bank suffers heavy losses that threaten its ability to stay open.
A prolonged stay on the list may cause reputational damage, possibly leading to capital and currency outflows, and increase transactional, administrative and funding costs for banks.