Standard Bank says Middle East conflict, inflation weigh on client confidence
High interest rates also did the bank no favours, as it recorded 'moderate growth' in its home loan portfolio.
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High interest rates also did the bank no favours, as it recorded 'moderate growth' in its home loan portfolio.
Economists remain hopeful that the end of the period of interest rate hikes is near
Rate path hinges on a ceasefire in the Middle East and how quickly oil prices come down, economists say.
'The SARB will pursue its new 3% inflation target, but if the war ends relatively soon, the bank may not have to hike interest rates.'
Governor Lesetja Kganyago warned the ongoing Middle East war could interrupt the country's growth recovery.
Analysts predicted two interest rate cuts this year. However, this outlook is not looking likely at this stage.