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The South African Reserve Bank is likely to hold interest rates unchanged

Inflation fight: central banks wade through ‘uncharted territory’

Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty

The decision to form a unity government has been broadly welcomed by economists.

Emerging markets unwinding? Not just yet

Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline

The key drivers of price growth in July were food and non-alcoholic beverages (up 5.7% and contributing 1.0 percentage points). Photo: Supplied

Inflation cools to 7.4% year-on-year

Prices have slowly retreated from their July peak, when inflation increased at its highest rate since 2009

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from.

South Africa on weak footing amid global recession fears

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from

Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally (Dean Hutton/ Bloomberg/ Getty Images)

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

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track. (Waldo Swiegers/Bloomberg via Getty Images)

2022: A return to normality or more economic uncertainty?

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

‘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

South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

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…

South Africa joins digital currency race

Reserve Bank launches feasibility study into a possible retail central bank digital currency, which is expected to be concluded in 2022.

(Chris Ratcliffe/Bloomberg)

Ready or not? Britain’s ‘no deal’ planning

Ahead of April 12, Britain has begun to put plans into place to cushion their potential push out of the European Union

The ruins of London Mithraeum have been moved back and restored

Roman temple restored deep under City of London

​A Roman temple has been restored to its original site seven metres below London, using sound, lights and misty haze to bring the ruin back to life.

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​Pravin Gordhan, Presidency move to reassure South Africans over Brexit

With the news that British voters decided to leave the European Union, emerging market currencies – including the Rand – have taken a beating.

This is how we fix global banking

Banks have paid $150-billion collectively in fines, but critical reforms must continue, says Bank of England governor Mark Carney.

Reputation at risk: Mark Carney

Bank of England’s Carney chill calms treasury

Mark Carney, the governor of the Bank of England up before the Treasury select committee was as intensely relaxed as ever.

Price-fixing exposé engulfs BoE

Traders admit to using chatrooms to trade ahead of the volatile period before benchmarks were set.

Concern about the spike of unsecured lending in South Africa has resulted in calls for heightened regulation.

Rand steady ahead of key data releases

Little changed from its overnight close against the major currencies‚ as the rand held steady in early trade on Tuesday.

Bank of England’s Mark Carney with the new proposed Jane Austen pound note. (AFP)

Pounds and prejudice: Bank Of England puts Jane Austen on banknote

British 19th century novelist Jane Austen will become the face of the new £10 note, the Bank of England says.

Eschew King’s cardinal sins, by George

George Osborne can barely contain his glee at installing a 21st century roundhead at the Bank of England.

‘Don’t just blame the bankers for the crisis’

The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.