Repo Rate – Page 2 – The Mail & Guardian

/ 21 July 2022

Reserve Bank greenlights sharpest repo rate hike in almost two decades

In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points

By Sarah Smit

Business

/ 19 July 2022

Money stress: More women than men are feeling the pinch

Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances

By Sarah Smit

Business

/ 5 May 2022

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

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By Sarah Smit

Business

/ 23 March 2022

Reserve Bank set to hike interest rates

Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally

By Sarah Smit

Business

/ 4 February 2022

Unemployment and interest rate hikes predicted to hit property market

The volume of new mortgage applications reached multi-year highs amid record low interest rates

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By Sarah Smit

Business

/ 27 November 2021

As Reserve Bank eyes inflation, jobs suffer

The central bank has been criticised for hiking interest rates to the detriment of employment

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By Sarah Smit

Business

/ 22 November 2021

‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles

Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect

By Sarah Smit

Business

/ 18 November 2021

Reserve Bank green-lights interest rate lift-off

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

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By Sarah Smit

Business

/ 17 November 2021

South African inflation unchanged as some economists expect repo rate lift-off

Global inflation has surprised on the upside, which may factor into whether the Reserve Bank’s monetary policy committee decides to raise the interest rate on Thursday

By Sarah Smit

Business

/ 23 September 2021

Despite inflation risks, the monetary policy committee keeps rates on hold

Inflation rose well beyond the Reserve Bank’s midpoint target in August

By Sarah Smit

Business

/ 19 September 2021

If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy

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By Sarah Smit

Business

/ 18 August 2021

Inflation eating into savings after last year’s slew of interest rate cuts

Food inflation was unchanged at 6.7% in July, but remained elevated on continued upward pressure from prices for meat and the oils and fats category.

By Tunicia Phillips

Business

/ 22 July 2021

Riots cause Reserve Bank to revise growth expectations

Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon

By Sarah Smit

Business

/ 5 June 2021

Kganyago: Monetary policy entails trade-offs

The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump

By Sarah Smit

Business

/ 20 May 2021

Repo rate unchanged even as inflation risks grow

Reserve Bank stands at the ready to act if the rise in inflation threatens to become permanent

By Sarah Smit

Business

/ 25 March 2021

Reserve Bank keeps repo rate unchanged

The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger

By Tshegofatso Mathe

Business

/ 21 January 2021

Repo rate remains unchanged at 3.5%

The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy

By Tshegofatso Mathe

Business

/ 2 October 2020

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

By Thando Maeko

Business

/ 17 September 2020

The repo rate remains unchanged at 3.5%

Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%

By Tshegofatso Mathe

Business

/ 23 July 2020

Repo rate falls to 3.5% — its lowest since 1998

Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP

By Tshegofatso Mathe

Business

/ 25 June 2020

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

By Thando Maeko and Tshegofatso Mathe

Business

/ 21 May 2020

Reserve Bank cuts repo rate by 50 basis points

The Monetary Policy Committee has cut the repurchase rate by a further 50 basis points, after a two consecutive cuts of 100 basis points earlier this year

By Thando Maeko

Article

/ 24 April 2020

Covid-19 economic relief package gets a R800-billion boost

Finance Minister Tito Mboweni has outlined the fiscal and monetary policy interventions implemented by the government in its fight against Covid-19

By Tshegofatso Mathe and Thando Maeko

Article

/ 14 April 2020

GDP to contract 6.1% — Reserve Bank

The central bank warns of the harmful effect of Covid-19 on the economy, while the treasury details more plans to ease the pain

By Thando Maeko and Tshegofatso Mathe

Article

/ 19 March 2020

Repo rate cut by 100 basis points

This takes the rate to 5.25% per annum, from 6.25%

By Tshegofatso Mathe

Article

/ 16 January 2020

Reserve bank unanimously decides to cut the repo rate

The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]

By Tshegofatso Mathe

Article

/ 21 November 2019

Reserve Bank keeps repo rate unchanged

Although economists say there is room now for SARB to cut the repo rate in order to strengthen the economy – the central bank kept it unchanged

By Tshegofatso Mathe

Article

/ 19 September 2019

Reserve Bank keeps repo rate unchanged at 6.5%

The rate also helps target inflation. The recent inflation rate is at 4.3% — which is well within the central bank’s target of 3% – 6%

By Tshegofatso Mathe

Article

/ 18 July 2019

Reserve Bank cuts repo rate

In a move that will bring some relief to consumers the South African Reserve Bank (SARB) cut its repo rate on Thursday to 6.5% The step was largely expected, particularly in light of weak local economic growth which is expected to keep inflation in check as well as moves towards easing monetary policy globally. It […]

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