If the rand breaks convincingly through R6 to the dollar, the Reserve Bank may decide to cut. |
There is no interruption to aggressive demand and consumers are still being supported by the low price and the low borrowing cost environment. This means interest rates could remain flat for a while. |
We are on a joy ride but we have got to be very careful. We have got benign inflation, but we have also got rising private spending and a growing current account deficit. |