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
Browsing: Sarb
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
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
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
South African Reserve Bank governor Lesetja Kganyago has expressed openness to blockchain technologies which underlie cryptocurrencies like bitcoin. Blockchain technology acts as a digital distributed ledger
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
The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and
South African inflation slowed for a third consecutive month in May, giving the Reserve Bank room to continue the pause in its interest-rate increase cycle. The inflation rate fell to 6,1% from 6,2% a month earlier, Statistics South Africa said
South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced an expected 25 basis point hike in interest rates to 7% to help keep inflation in check. This was after the Sarb’s monetary policy committee decided to hike the repo rate by 50
In the second interest rate hike for the year, the South African Reserve Bank’s monetary policy committee hiked the repo rate to 6,25%, governor Lesetja Kganyago announced on Thursday