Browsing: Sarb

News
Cryptos are tokens, not currency: SA Reserve Bank

South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t

Current affairs
Politics may stop first SA rate cut since 2012

A stronger rand and falling inflation expectations may allow South African Reserve Bank governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains. Higher commodity prices and

News
Reserve Bank keeps rates steady

The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank

News
SA rates set to rise on inflation fears

Investors are betting on a South African rate increase as inflation expectations surge in the wake of a collapse in the rand. Forward-rate agreements starting in 12 months, used to speculate on policy moves, added 40 basis

News
Interest rates left unchanged

South African Reserve Bank (Sarb) governor Lesetja Kganyago announced on Thursday that the Bank’s monetary policy committee has decided to leave the interest rate unchanged. This means the repo rate, which is the interest rate at which

News
Zero growth in 2016: Reserve Bank

The South African Reserve Bank’s latest forecast is for 0% growth in 2016 compared with 0,6% previously, Reserve Bank governor Lesetja Kganyago cautioned during his rates announcement on

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