Discussion | Impact of MPC decision on exchange rates

JOHANNESBURG - Economists expect the Reserve Bank to cut interest rates for the first time since the COVID-19 pandemic.

The reduction in interest rates will be welcomed by consumers carrying heavy debt burdens.

READ: Repo rate | Reserve Bank's MPC to meet on Thursday

This decrease follows a series of measures aimed at controlling inflation.

Harry Scherzer, from Future Forex discussed what the upcoming interest rate cut means for the Rand and those moving money internationally.