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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.
Monetary policy may remain favourable to the economy and inflation expectations are still within the central bank’s target range, says Monde Mnyande.
The South African Reserve Bank has left the repo rate unchanged at 5,5%, Governor Gill Marcus said on Thursday.
The SA Reserve Bank cut the repo rate by 50 basis points, adding to 600 basis points of cuts in interest rates since December 2008.
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/ 9 September 2010
The Reserve Bank cut its repo rate by 50 basis points to 6% as expected on Thursday to give further boost to a stuttering economic recovery.
The Reserve Bank left its repo rate steady at 6,5% on Thursday, in line with expectations, as the economy stays on course to recover.
The Reserve Bank unexpectedly cut its repo rate by 50 basis points to 6,5% on Thursday to help accelerate a recovery from last year’s recession.
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/ 2 February 2009
The next Monetary Policy Committee meeting will hopefully see some extra relief afforded to consumers in terms of a further drop in the repo rate.
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/ 28 January 2009
Consumer inflation eased further in December, Stats SA said on Wednesday, raising the chance of a 100 basis points cut in the repo rate next month.
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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
The cut in the repo rate made by the South African Reserve Bank on Thursday was ”the right thing to do”, Standard Chartered Bank has said.
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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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/ 11 December 2008
SA economic confidence surged to a 19-month high in November, a survey showed on Thursday, although overall output growth should remain sluggish.
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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.
Measures to deal with surging South African consumer prices will hurt, but central bank policymakers are not ”inflation nutters”.
SA is braced for a slowdown after a stretch of solid growth, as higher interest rates coupled with rising food and fuel costs are set to bite.