Oil spike and bond sell-off keep rate hike in play
A sharp drop in July inflation has led economists to rethink interest rate projections
The world is losing confidence in US systems
South Africa's consumer spending tailwinds are fading amid inflation and debt pressures. Sustained economic growth will now rely on fixed investment and ongoing infrastructure…
Reserve Bank governor Lesetja Kganyago should not comment on matters beyond monetary and financial stability.
Markets bet on a hike, some economists are seeing a hold next month
Consumer inflation hit a two-year high of 5% in June, firming bets on a SARB rate hike at Thursday’s MPC meeting
South African inflation hit a 20-month high of 4% in April. The fuel surge from the Iran war has shifted the rates conversation to possible hikes
March CPI rose to 3.1%, within the SARB’s 3% target band, but the Iran conflict’s oil price shock is set to push April inflation sharply higher
The Reserve Bank’s monetary policy committee voted four to two to keep rates on hold, but March may finally see some relief
The SARB will have to explain – plainly – why moving a reference rate does not automatically move the price of risk
SARB deputy governor Fundi Tshazibana explains why the MPC pushed for a 3% inflation target now – anchoring expectations even as Treasury pushes back
The SARB has lowered its inflation target to 3% as it cut rates to a three-year low, a shift that could cut ultimately save Treasury billions
The SARB has cut rates and signalled a 3% inflation target – its biggest policy change in decades. Markets are already buying in
Reserve Bank governor Lesetja Kganyago faced dissension in the ranks during the most recent meeting of the six-member monetary policy committee (MPC) he heads, with two members…