Improved Efficiencies in the Agricultural Sector
Brendan Jacobs, Head of Agribusiness at Business & Commercial Banking, reflects on the decision to hold interest rates steady, the benefits of the broader downward interest rate cycle for the agricultural sector and why easing debt-servicing pressures are creating room for improved efficiencies and potential expansion on farms. He also outlines the macro-economic conditions under which further rate cuts may be possible, including a stronger rand and inflation returning to the Monetary Policy Committee’s target band. Please listen to the clip for more.