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Reserve Bank Governor Lesetja Kganyago’s repeated emphasis on uncertainty is expected to translate, at most, into only a handful of additional interest-rate cuts next year.
The Nasdaq 100 is approaching a level versus the S&P 500 that could trigger the unwinding of the trade favoring US equities, according to Bank of America Corp. strategists.
Decisions will be made on a meeting-by-meeting basis, with no forward guidance and no pre-commitment to any specific rate path,' Kganyago said.