Inflation Targeting
latest news & developments
Reserve Bank cuts rate by 25 basis points to 7.25%
The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
April consumer inflation edges higher to 2.8% year-on-year
April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week
Reserve Bank cuts repo rate to 7.5%
This was despite the central bank highlighting upside risks to the inflation outlook
Business leaders remember Mboweni as self-starter, resolute
He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending
Interest rate pinch is not worth the pain
Tighter financial conditions will hurt an economy already brought to its knees by the government
‘Deal with the snake’ – Reserve Bank governor on SA being bitten by imported inflation
Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
Reserve Bank may have helped South Africa avoid a more severe crunch
This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
Angola’s central bank governor sees more room to cut interest rates
The Angolan central bank governor says there is room for lending rates to come down, but he wants to avoid unnecessary price pressures.
Reserve bank ready to act if inflation increases
The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.
Gold gains to one-week high on Chinese inflation
Gold climbed to a one-week high in London as a bigger-than-estimated increase in China’s inflation and lower prices spurred demand for the metal.
Inflation settles within target range
Headline inflation slowed in March to within target range for the first time in four months, suggesting inflation may undercut the forecasts.
Inflation expected to speed up by the end of the year
Inflation will slip out of the SA Reserve Bank’s target band by the end of 2011 but will leave the repo rate unaffected, economists predict.
SA inflation risks rising, warns Marcus
SA faces rising risks to its inflation outlook due to commodity prices, and inflation may move to the upper end of the 3% to 6% target range.
IMF: Inflation-targeting the right policy for SA
Inflation-targeting is the right policy for South Africa, the International Monetary Fund (IMF) said on Wednesday.
SA exiting recession ‘reasonably rapidly’
South Africa is coming out of its first recession in almost two decades reasonably quickly, SA Reserve Bank Governor Gill Marcus said on Tuesday.