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.
Resource heavyweights Anglo American and BHP Billiton — which make up a substantial portion of the JSE — helped the bourse extend its gains by midday on Friday, traders said. By noon, the JSE’s broader all-share index had lifted 1,21%. Resources collected 1,83%, and the platinum mining index was up 0,8%, but the gold mining index decreased 1,34%.
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/ 31 January 2008
South Africa’s producer price inflation quickened to 10,3% year-on-year in December, above forecasts, after a 9,1% increase in November, official data showed on Thursday. On a monthly basis, PPI increased by 0,5% after a 0,3% rise in November.
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/ 21 January 2008
It is almost inconceivable that the South African Reserve Bank’s (SARB’s) Monetary Policy Committee would raise interest rates in the current atmosphere, according to strategist for Investec Securities, Brian Kantor. "I would not have raised the last two times. It is quite clear now that the last increase was over the top," he said,
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/ 6 December 2007
The JSE posted strong gains in early trade on Thursday ahead of the Monetary Policy Committee’s interest rate decision expected later in the afternoon, with higher world markets adding some incentive for buying interest. At 9.21am, the all-share index was up 0,73% as the platinum mining index gained 1,19%.
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/ 14 November 2007
The Governor of the Reserve Bank, Tito Mboweni, gave a very strong signal that another interest hike is on the way when he told members of Parliament that in his opinion, rates should go up. The bank staff’s forecast for inflation in the coming months shows inflation increasing above the 6% target for part of 2008.
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/ 14 September 2007
South African inflation is expected to return to its target range in the second half of 2008, the country’s central bank said on Friday. The South African Reserve Bank’s forecast was more hawkish than previous predictions. After its August monetary policy meeting, it expected inflation to come back to the target band in the second quarter of 2008.