The South African Reserve Bank has raised the benchmark interest rate by 25 basis points.
Reserve Bank governor Lesetja Kganyago has announced that the repo rate will remain on hold at 6%, for now.
South Africa has raised its benchmark rate as inflation threatens to exceed the central bank’s target.
Scots head to the polls this week to determine the future of the UK, making investors jittery and impacting markets, which loathe uncertainty.
Reserve Bank Governor Gill Marcus announced an interest rate hike on Thursday, while highlighting strike action and excessive salaries and bonuses.
The recent rates hikes by distressed emerging markets are also due to a slowdown in China.
The repo rate hike will probably increase the price of residential rentals and could affect the Consumer Price Index, says FNB.
A lower-than-expected inflation increase means there is less chance of a repo rate hike in the next quarter, say analysts.
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.
The repo rate will remain unchanged at 5%, meaning that the prime lending rate from banks to consumers will stay at 8.5%, says Gill Marcus.
Governor Gill Marcus says the South African Reserve Bank will maintain the current repo rate.
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
Cosatu says the South African Reserve Bank has "missed yet another opportunity" to alleviate unemployment by keeping the repo rate unchanged.
As expected, the reserve bank left the repo rate unchanged at 5% at its monetary policy committee (MPC) meeting.
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Following its monetary police committee’s three-day meeting, the South African Reserve Bank has left the repo rate at 5% for the third time.
The Reserve Bank’s monetary policy committee has kept the repo rate unchanged at 5%.
The South African Reserve Bank has announced it would stick to its accommodative stance on monetary policy.
Food and petrol price rises are expected to pose the greatest risk to inflation in the near future.
The South African Reserve Bank has left the repo rate unchanged at 5%, saying there was no need for more monetary loosening.
The monetary policy committee on Thursday decided to leave the repo rate — at which the Reserve Bank lends to commercial bank at 5.5%.
Reserve Bank governor Gill Marcus has again announced interest rates will remain unchanged at 5.5%.
The South African Reserve Bank will leave interest rates unchanged for the foreseeable future should economic conditions persist, economists predict.
The South African Reserve Bank’s monetary policy committee has announced that the repo rate needs to remain constant to build a "stable" environment.
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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.
The South African Reserve Bank has left the repo rate unchanged at 5.5%.
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/ 22 September 2011
While the Reserve Bank has left the repo rate unchanged at 5.5%, economists warn that inflation will further pressurise the country’s economy.
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.
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/ 22 September 2011
The rand bounced from two-year lows against the dollar but remained vulnerable as investors dumped high risk assets.
The South African Reserve Bank’s leading business cycle indicator fell by 1.6% in May compared with April, the central bank said on Tuesday.
The South African Reserve Bank has left the repo rate unchanged at 5.5% and the prime rate at 9%.
Labour protests sweeping South Africa are stoking worries about inflation and dealing blows to the long-term prospects of the country’s economy.
SA’s economic recovery is not sustainable yet and is still relying on loose monetary and expansionary fiscal policies, says deputy finance minister.