Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
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…
Nigeria’s central bank has repeatedly warned against the risks of investing in cryptocurrencies and even ordered local banks to close accounts trading in them.
The currency’s 10% drop against the dollar this year is unlikely to cause inflation to spike.
Traders admit to using chatrooms to trade ahead of the volatile period before benchmarks were set.
The central bank of Nigeria has felt the effects of its decison to relax the weekly limit on trading in dollars.
Ben Bernanke’s successor had better make sure she gets every syllable right as she communicates her intended actions to outsiders.
Stocks rose as a weak rand boosted mining firms and international companies that generate most of their revenue in major foreign currencies.
SA is backing plans for a single currency unit within the exclusive Brics grouping that the emerging giants could use to trade among themselves.
Reserve Bank governor Tito Mboweni has announced for the last time, that the repo rate was accordingly left unchanged at 7.00%.
The rand fell to a new, six-and-a-half-year low against the dollar on Wednesday, and local stocks also plunged on falling commodity prices.
Warnings of an ”inevitable” global recession and the expectation of more interest-rate cuts triggered global financial turmoil on Wednesday.
The rand fell to a six-year low against the dollar on Wednesday, losing about 60% of its value this year as it dipped as low as 11,07 to the dollar.
The rand slumped overnight, moving above the R10-a-dollar level, and was early on Thursday morning trading at its worst levels since August 2002.
Southern African countries have launched a regional trade zone that aims to eliminate import tariffs, with plans for a common currency by 2018.
Zimbabwe will re-denominate its dollar by removing 10 zeros from August 1, central bank Governor Gideon Gono said on Wednesday.
As the summer holidays begins, sterling’s frailty coupled with a rise in air fares are changing Britons’ holiday plans in Europe.
