Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty
Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline
Prices have slowly retreated from their July peak, when inflation increased at its highest rate since 2009
Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years
A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from
Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
The decision to hike the repo rate by 25 basis points comes in the wake of red-hot inflation in advanced economies and fears policymakers will start to dial back on accommodative measures
Reserve Bank launches feasibility study into a possible retail central bank digital currency, which is expected to be concluded in 2022.
Ahead of April 12, Britain has begun to put plans into place to cushion their potential push out of the European Union
A Roman temple has been restored to its original site seven metres below London, using sound, lights and misty haze to bring the ruin back to life.
With the news that British voters decided to leave the European Union, emerging market currencies – including the Rand – have taken a beating.
Banks have paid $150-billion collectively in fines, but critical reforms must continue, says Bank of England governor Mark Carney.
Mark Carney, the governor of the Bank of England up before the Treasury select committee was as intensely relaxed as ever.
Traders admit to using chatrooms to trade ahead of the volatile period before benchmarks were set.
Little changed from its overnight close against the major currencies‚ as the rand held steady in early trade on Tuesday.
British 19th century novelist Jane Austen will become the face of the new £10 note, the Bank of England says.
George Osborne can barely contain his glee at installing a 21st century roundhead at the Bank of England.
The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.
The UK’s finance minister, George Osborne, has sprung a surprise by putting Canada’s central bank chief in charge of the Bank of England.
SA’s exposure to the London interbank offered rate (Libor) scandal spreading globally occurs through the foreign-exchange market in particular.
The Bank of England’s governor intervened to ensure that Bob Diamond vacated his post, writes Jill Treanor.
This week’s purchasing managers’ index figures for 26 countries – including SA – are likely to point to a slowing global economy, writes Matt Quigley.
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/ 5 February 2009
Fears of deepening recession in the developed world gnawed at investors on Thursday, after glum earnings from US corporate stalwarts.
Bold, comprehensive and at times surprising, the UK’s bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.
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/ 3 September 2008
Analysts predict the recession will be the worst we’ve seen for at least 30 years, writes David Teather in London.
Despite South African retail investors having withdrawn R3-billion from offshore funds in the last quarter, fund managers recommend offshore markets.
The scale of losses and the economic fallout from the global credit crunch may not be as bad as feared and subprime losses could end up costing less than half market forecasts, the Bank of England said on Thursday. The central bank is still concerned about the consequences of the credit crisis but Deputy Governor John Gieve said conditions could stabilise soon.
British Prime Minister Gordon Brown, his popularity plunging and his reputation for economic competence under fire, faced his first electoral test on Thursday since taking over from Tony Blair in June. The local council seats up for grabs in England and Wales, alongside a high-profile clash to pick the next mayor of London, were last contested in 2004.
Germany’s Finance Minister, Peer Steinbrück, blamed the Bank of England on Friday for the collapse of Northern Rock and the loss of 2 000 jobs, savaging the central bank for not pumping enough liquidity into money markets last year. Unlike the central banks of the United States and European Union, the Bank of England failed to support the banking sector with vital loans, Steinbrück said.
South African stocks hung on to earlier gains at noon on Monday, supported by firmer overseas markets, but the stronger rand and faltering gold prices restricted gains, traders said. By midday on Monday, the JSE’s broader all-share index was 0,77% in the black. Resources were up 1,21%, the platinum-mining index advanced 0,34% but the gold-mining index fell 0,70%.