Federal Reserve Bank
latest news & developments
What Europe’s bold interest rate cuts mean for SA
The European Central Bank announced that it cut interest rates by 10 basis points to a record low of 0.05%.
Rates hike boosts confidence, growth
The Reserve Bank putting rates up by 0.25% was enough to boost investor confidence and rally the local currency bond market.
Gold gains as unrest is weighed against US outlook
Unrest in Ukraine and the Middle East has seen gold rebound 9.4% this year while the Fed warns benchmark rates could rise sooner than expected.
Fed tapering could threaten Africa’s growth, says World Bank
Growth forecasts for the Sub-Saharan region have been revised downward as it will likely feel the impact of reduced monetary stimulus in the US.
Rand weakens to 5-year low and bonds drop on Fed tapering
US unemployment data may show enough recovery for the Federal Reserve to begin reducing monetary stimulus.
Rand gains after hitting five-year low
The rand has gained following a drop which appeared to have been overdone.
Emerging stocks fall to one-month low on Chinese factory data
Continued speculation of imminent tapering from the US Federal Reserve sees negative data impacting developing markets.
The tiger is getting a new rider
Ben Bernanke’s successor had better make sure she gets every syllable right as she communicates her intended actions to outsiders.
Rand falls ahead of Fed policy meeting
The rally of the rand in recent days will likely continue to lose steam as the market looks out for a decision to cut monthly bond purchases.
Rand climbs after Lawrence Summers’s bid withdrawal
The rand has reached its highest level since August 9 following Lawrence Summers removing his bid for Federal Reserve chairperson.
Economic week ahead: US Fed, SARB in the spotlight
Monetary policy decisions by the US Federal Reserve and SA Reserve Bank will keep economists and investors on the edge of their seats this week.