Mail & Guardian
Mail & Guardian
south africa inflation target 3 percentlatest news & developments
Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
BUSINESS

Reserve Banks keeps interest rate unchanged as widely expected

The decision was not unanimous; four monetary policy committee members preferred to keep rates on hold, while two favoured a 25 basis point cut

  • Aarti Bhana
3 min read
The consumer price index decreased by 0.1% month-on-month in August, after increasing by 0.9% in July.
ANCHOR CAPITAL CASEY SPRAKE INFLATION

Inflation eases to 3.3% year-on-year in August

On a month-on-month basis, the consumer price index decreased by 0.1% after increasing by 0.9% in July

  • Aarti Bhana
2 min read
The South African Reserve Bank has room to consider an interest rate cut at this week’s monetary policy committee meeting. (Oupa Nkosi)
BUSINESS

Reserve Bank likely to keep rates unchanged as lower inflation target complicates the picture

Economists are uncertain about how the bank will adjust its policies based on the lower target it has signalled it wants to pursue

  • Aarti Bhana
5 min read