David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief
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Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The Reserve Bank has already lifted rates 10 times since November 2021
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The Reserve Bank governor had to defend interest rate hikes against criticism that they will do little to temper sticky inflation
Whatever hope was ignited among investors by the idea of a Ramaphosa presidency has mostly been snuffed out
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Reserve Bank governor Lesetja Kganyago underlined the need for short-term pain in the interest of long-term gain
The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
The recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation
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The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
Used vehicle prices soared amid supply-chain constraints, creating a boom that some experts have speculated may be about to go bust
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Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take
The inflation rate fell for a third consecutive month, as petrol price cuts provided some welcome relief
The country’s energy crisis stands to shave two percentage points off growth in 2023
Analysts were expecting far more modest GDP growth, considering the mixed bag of economic data for the third quarter
Decisions from a decade ago have come back to haunt economies – policymakers should be vigilant
Consumer inflation hit 7.6% year-on-year in October, bucking the downward trend that had been anticipated after the July ‘peak’
The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday
Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
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The government should rather consider a targeted approach to reducing inflation
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Stay vigilant and really understand what higher interest rates mean for you, says one expert
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Most household lack access to adequate food to meet dietary needs for a healthy, active lifestyle
Two of the monetary policy committee’s five members preferred an even more painful 100 basis point hike, as bank remains hawkish
Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high
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Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points
Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances
The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression
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Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally
The volume of new mortgage applications reached multi-year highs amid record low interest rates
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