The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week

This was despite the central bank highlighting upside risks to the inflation outlook

He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending

Tighter financial conditions will hurt an economy already brought to its knees by the government

Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks

This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched

The Angolan central bank governor says there is room for lending rates to come down, but he wants to avoid unnecessary price pressures.

The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.

Gold climbed to a one-week high in London as a bigger-than-estimated increase in China’s inflation and lower prices spurred demand for the metal.

Headline inflation slowed in March to within target range for the first time in four months, suggesting inflation may undercut the forecasts.

Inflation will slip out of the SA Reserve Bank’s target band by the end of 2011 but will leave the repo rate unaffected, economists predict.

SA faces rising risks to its inflation outlook due to commodity prices, and inflation may move to the upper end of the 3% to 6% target range.

Inflation-targeting is the right policy for South Africa, the International Monetary Fund (IMF) said on Wednesday.

South Africa is coming out of its first recession in almost two decades reasonably quickly, SA Reserve Bank Governor Gill Marcus said on Tuesday.

The Congress of South African Trade Unions (Cosatu) on Thursday renewed its demand for inflation targets to be scrapped.

Finance Minister Pravin Gordhan said on Wednesday there was no need to change the South African Reserve Bank’s existing inflation target band.

SA’s central bank will continue to target inflation at between 3% and 6% although debate on monetary policy is constructive over the longer-term.

Finance Minister Pravin Gordhan said on Monday he would address the Reserve Bank’s inflation-targeting policy when he unveils the national budget.

President Jacob Zuma said on Friday the mandate of the South African Reserve Bank needs debate.