Reserve Bank warned it might drive unemployment after hiking rates
Higher interest rates will put pressure on businesses' cash flow.
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Higher interest rates will put pressure on businesses' cash flow.
The Reserve Bank might hike interest rates to control the prices of goods and services
Governor Lesetja Kganyago noted households are suffering.
The South African Reserve Bank (Sarb) will announce its repo rate decision on Thursday, 21 July.
Rate path hinges on a ceasefire in the Middle East and how quickly oil prices come down, economists say.
Governor Lesetja Kganyago warned the ongoing Middle East war could interrupt the country's growth recovery.
Sold within six months of being put on the market, with the proceeds going to the Reserve Bank ...
Analysts predicted two interest rate cuts this year. However, this outlook is not looking likely at this stage.
The Reserve Bank usually follows the US Fed’s decision on the repo rate. The Fed opted to leave interest rates unchanged on Wednesday.
While most economists said that the repo rate was too difficult to call, the MPC made the decision not to cut or increase.
The repo rate is not expected to decrease too often now that the Reserve Bank has decided to anchor inflation at 3%.
Economists say there is really no reason for the Reserve Bank not to cut the repo rate on Thursday thanks to all the positive indicators.
Consumers now wonder if the slight improvement n the inflation rate might sway the Reserve Bank to cut the repo rate again in January.
It seems that the Reserve Bank is not too negative about the South African economy, as it listed the good and the bad.
The Reserve Bank ended the year on a high note with another repo rate cut that will put a little more money in indebted consumers’ pockets.
Although the inflation rate increased in October, economists believe there is still a chance of a repo rate cut
Some economists say the MPC will cut the repo rate by 50 basis points, while others believe it will keep the rate unchanged.
One of the things South Africans will look for in the MTBPS is whether the Reserve Bank will make it official to set the inflation target at 3%.
Former business associate claims Muhammad Karolia is a fraudster with a gambling problem.
Although a 25 basis points cut in the repo rate does not sound like a big difference, cash strapped consumers will take any extra money they can get.
Foreign exchange dealers must all make sure that they comply with Fica to ensure criminals do not use them to launder money or fund terrorism.
The governor of the South African Reserve Bank has been talking about targeting inflation at 3%. Not everyone thinks it is a good idea.