Read reasons MPC member voted for policy rate to be reduced to 17% but committee decided on 18%

During the 127th Monetary Policy Committee (MPC) sitting, a member of the committee voted for the policy rate to be reduced by 450 basis points to 17 per cent, although the majority of the committee members settled on 18 per cent. The member argued that global growth remained strong in the first eight months of […] Read Full Story