THE SMART NEWS SOURCE | Feb 11 2012 00:39 | LAST UPDATED Feb 11 2012 00:39 |
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Reserve Bank's Gill Marcus not stepping downContrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory". Reserve Bank's Gill Marcus not stepping downContrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory". Rates on hold amid worsening outlookGill Marcus keeps rates on hold. Interest rates remain unchanged at 5.5%The South African Reserve Bank's monetary policy committee has announced that the repo rate needs to remain constant to build a "stable" environment. Fedusa urges repo rate cutFedusa says the South African Reserve Bank should cut the repo rate by at least 100 basis points to stimulate the economy and create jobs. Remittance fees punish poor AfricansThe World Bank has identified South Africa and Tanzania as having some of the highest costs for remittance payments in the world. JSE tackles primary dealersThe bond market, critical to service the country’s deficit, is coming under fire. The economic week ahead: Quiet, probablyThe last week of the year is typically economically uneventful, with the exception of a potential credit downgrade to France, the story is the same. Reserve Bank gets a new deputy governorThe presidency has appointed Francois Groepe as deputy governor of the South African Reserve Bank. Fix your home loan at 9%?Homeowners with mortgages can take up offers not seen in the market for a long time. Retail sales growth slower than expectedGrowth in South Africa's retail sales has slowed more than expected in October, suggesting interest rates will stay low for longer. CPI shows accelerated riseStatistics South Africa says Consumer Price Inflation accelerated in October to 6% year-on-year after economists expected growth to reach 5.9%. Market inefficiencies compound SA woesSA's current fiscal predicament is partly due to the severity of economic shocks but also because of the inefficiency of product and labour markets. Gill Marcus puts the focus on inflationReserve Bank governor Gill Marcus says the monetary policy will maintain its focus on hitting a 3% to 6% inflation target over the medium term. Eurozone storm freezes repo rateReserve Bank governer Gill Marcus cites global and local risk factors in holding rates steady. Reserve Bank has difficult balancing act aheadThe Reserve Bank is under pressure to balance the potential of a full-blown financial crisis in Europe with weak growth domestically. Repo rates remain steady at 5.5%The South African Reserve Bank has left the repo rate unchanged at 5.5%. The economic week ahead: Still on the brinkAs SA's Reserve Bank considers interest rates this week, global interest remains fixed on the drama enveloping Europe, writes Matt Quigley Inflation and retail data indicate consumer recoveryIncreases in inflation and retail sales figures point to a steadily recovering consumer, which bodes well for the South African economy. Reserve Bank dovish, factory rise seen as blipThe Reserve Bank's note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector. |
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