The Reserve Bank’s acknowledgment that a rate hike had been discussed extensively has caused the rand to strengthen and bond yields to go up.
Governor Gill Marcus says the South African Reserve Bank will maintain the current repo rate.
Cosatu says the South African Reserve Bank has "missed yet another opportunity" to alleviate unemployment by keeping the repo rate unchanged.
South Africa’s monetary policy committee is due to discuss interest rates this week and the rand’s weakness is most likely to dominate the agenda.
The rand has held steady against the dollar in early trade but looked vulnerable after hitting a four-year low in the previous session.
The rand continued to drift upwards against the dollar after coming close to a 3-1/2 year low last week.
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/ 18 January 2012
Fedusa says the South African Reserve Bank should cut the repo rate by at least 100 basis points to stimulate the economy and create jobs.
Reserve Bank governor Gill Marcus says the monetary policy will maintain its focus on hitting a 3% to 6% inflation target over the medium term.
Reserve Bank governer Gill Marcus cites global and local risk factors in holding rates steady.
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/ 10 November 2011
The Reserve Bank is under pressure to balance the potential of a full-blown financial crisis in Europe with weak growth domestically.
In line with market expectations, Reserve Bank governor Gill Marcus says the repo rate will stay at 5.5%, its lowest level in 30 years.
The South African Reserve Bank has left the repo rate unchanged at 5.5% and the prime rate at 9%.
South Africa may be past its growth peak for 2011 in the light of uncertainty about the global economy and nationalisation.
Monetary policy may remain favourable to the economy and inflation expectations are still within the central bank’s target range, says Monde Mnyande.
South Africa’s rand steadied against the dollar on Thursday and was likely to trade within a narrow range ahead of SA’s interest rate decision later.
The South African Reserve Bank remains concerned about the effects of rising oil and food prices on the outlook for inflation, Gill Marcus says.
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/ 20 January 2011
Government’s attempts to curb the rapid strength of the rand were becoming increasingly costly and having little effect on the currency.
The SA Reserve Bank is "likely" to cut the repo rate by 50 basis points at its monetary policy committee meeting on July 22, Standard Chartered said.
South Africa’s central bank cut its repo rate by 100 basis points to 9,5% on Tuesday, as expected, to help boost waning growth.
SA Reserve Bank Governor Tito Mboweni said on Wednesday that there is a need for more frequent Monetary Policy Committee meetings.
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/ 26 February 2009
SA Reserve Bank governor Tito Mboweni said on Thursday an emergency Monetary Policy Committee meeting had not been called following poor growth data.
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/ 4 February 2009
The rand gained slightly against the dollar on Wednesday and was seen keeping its firmer tone ahead of an interest rate decision on Thursday.
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/ 22 January 2009
The move by the Reserve Bank to bring its monetary policy committee meeting forward has led to suggestions that it’s keen to cut rates aggressively.
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/ 12 December 2008
With downside risks to economic activity clearly outweighing upside risks to inflation, rates will continue to be cut through 2009, analysts expect.
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/ 11 December 2008
SA’s inflation rate is expected to return to within the central bank’s target range in the third quarter of 2009, says Governor Tito Mboweni.
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/ 10 December 2008
SA’s retail sales fell for the sixth month in a row in October, adding weight to the argument that the central bank should cut rates on Thursday.
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/ 10 December 2008
A further increase in inflation expectations could prompt the SA Reserve Bank to err on the side of caution, a Sanlam economist said on Wednesday.
South Africa’s economic growth rate accelerated to 4,9% in the second quarter of 2008 on a seasonally adjusted and annualised basis.
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.
The South African Reserve Bank’s Monetary Policy Committee on Thursday decided to increase the repo rate by 50 basis points to 12%.
Global analysts Lehman Brothers wondered out loud on Friday morning whether some notably hawkish statements by Reserve Bank Governor Tito Mboweni on Thursday might be a signal that a rate hike of 100 basis points could be on the cards come June 12.
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.