THE SMART NEWS SOURCE | Feb 10 2012 11:09 | LAST UPDATED Feb 10 2012 11:09 |
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January economic confidence hits three-month lowSouth Africa's economic confidence fell to a three-month low in January on a poor economic growth outlook and a weaker rand. Mboweni hints at early rates meetingSA's central bank monetary policy committee could meet again on interest rates before a scheduled April meeting, Governor Tito Mboweni said on Friday. 'More interest rate cuts needed'SA's economic growth prospects are deteriorating and monetary stimulation is "not a bad idea", Reserve Bank Governor Tito Mboweni said on Thursday. Reserve Bank cuts repo rate by 100 basis pointsThe South African Reserve Bank's monetary policy committee on Thursday decided to reduce the repo rate by 100 basis points to 10,5%. Double dollopThere’s finally good news on the inflation front, with more expected next month, writes Maya Fisher-French. SA inflation brakes, big rate cut likelySA inflation braked sharply in December, data showed on Wednesday, hardening the case for an aggressive interest-rate cut next week. Consumer inflation drops furtherConsumer inflation eased further in December, Stats SA said on Wednesday, raising the chance of a 100 basis points cut in the repo rate next month. More rate cuts in 2009, economists predictWith both inflation falling and the economy weak, the Reserve Bank will have ample scope to cut interest rates next year, Nedbank said on Wednesday. Brighter prospects in 2009, says SolidarityTrade union Solidarity said on Monday that it expects many things will start going right for the country in 2009. 'Rate cut was right thing to do'The cut in the repo rate made by the South African Reserve Bank on Thursday was "the right thing to do", Standard Chartered Bank has said. |
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