The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week
This was despite the central bank highlighting upside risks to the inflation outlook
He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending
Tighter financial conditions will hurt an economy already brought to its knees by the government
Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
The Angolan central bank governor says there is room for lending rates to come down, but he wants to avoid unnecessary price pressures.
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 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.
Headline inflation slowed in March to within target range for the first time in four months, suggesting inflation may undercut the forecasts.
No image available
/ 21 September 2011
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.
No image available
/ 7 February 2011
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.
Inflation-targeting is the right policy for South Africa, the International Monetary Fund (IMF) said on Wednesday.
No image available
/ 23 February 2010
South Africa is coming out of its first recession in almost two decades reasonably quickly, SA Reserve Bank Governor Gill Marcus said on Tuesday.
No image available
/ 18 February 2010
The Congress of South African Trade Unions (Cosatu) on Thursday renewed its demand for inflation targets to be scrapped.
Finance Minister Pravin Gordhan said on Wednesday there was no need to change the South African Reserve Bank’s existing inflation target band.
No image available
/ 17 February 2010
SA’s central bank will continue to target inflation at between 3% and 6% although debate on monetary policy is constructive over the longer-term.
No image available
/ 1 February 2010
Finance Minister Pravin Gordhan said on Monday he would address the Reserve Bank’s inflation-targeting policy when he unveils the national budget.
No image available
/ 29 January 2010
President Jacob Zuma said on Friday the mandate of the South African Reserve Bank needs debate.
South Africa should not do away with inflation targeting, but there is room to reconsider the narrow target inflation band, say economists.
It is "nonsense" that inflation-targeting is necessary for strong and stable growth, Nobel Prize-winning economist Joseph Stiglitz said on Wednesday.
SA will continue to pursue fiscal policies that have helped grow the economy, Finance Minister Pravin Gordhan said on Tuesday.
South African Reserve Bank Governor Tito Mboweni will meet trade union leaders on Monday to discuss their opposition to inflation targeting.
Central banks would pursue low inflation regardless of whether they had an inflation target or not, Reserve Bank Governor Tito Mboweni said on Friday.
Inflation targeting will remain policy in South Africa but the government is prepared to discuss it, Finance Minister Pravin Gordhan said on Thursday.
No image available
/ 13 November 2008
Newly appointed Deputy Minister of Finance Nhlanhla Nene endorsed inflation targeting on Thursday, going against the leftist voices in the ANC.
No image available
/ 24 October 2008
South Africa’s targeted consumer inflation is likely to have slowed for the first time in a year in September, a Reuters poll showed on Friday.
No image available
/ 21 October 2008
The financial storm has arrived, said Finance Minister Trevor Manuel on Tuesday in presenting his Medium-Term Budget Policy Statement.
No image available
/ 18 September 2008
Inflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders’ meeting on Thursday.
South Africa was better off with using inflation targeting as an instrument of monetary policy, the governor of the SA Reserve Bank said on Tuesday.
Measures to deal with surging South African consumer prices will hurt, but central bank policymakers are not ”inflation nutters”.