Browsing: Reserve Bank

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SA cuts key rate for first time in five years

The Reserve Bank cut borrowing costs for the first time in five years as inflation eased to a 19-month low and the economy suffers through the second recession in almost a decade. The Monetary Policy Committee

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Inflation falls to 17-month low

South Africa’s inflation rate fell within the central bank’s target band in April for the first time in eight months, reinforcing chances that the rate-increase cycle may have come to an end

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SA will keep targeting inflation

South African inflation is under control and the central bank will maintain a policy to keep it low to protect the poor and ease inequality, Reserve Bank governor Lesetja Kganyago said. Pursuing other priorities

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And now for the electronic rand?

The South African Reserve Bank is open to issuing a national digital currency, which would likely be based on blockchain or distributed ledger technology. “If we go the route of issuing a digital currency, the objective would be to take

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Rand advances as rates left unchanged

The South African Reserve Bank kept borrowing costs unchanged for a fifth straight meeting even as inflation forecasts worsened. The Monetary Policy Committee unanimously decided to leave the benchmark repurchase rate at

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SA’s sins forgotten as rand surges

The currency that was forecast to perform the worst in emerging markets this year is also the one benefiting most from the clamour to boost returns in the wake of the UK’s Brexit vote. The rand has strengthened

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Programming error leaves JSE red-faced

A record run of recorded inflows into South African stocks were the result of a programming error, with foreign investors in fact selling more shares than they bought over the period, the country’s stock exchange said. Rather than spending