By Ragheema Mclean The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) has kept the repo rate unchanged for a third straight meeting. This means that the interest rates that consumers will pay on their credit will remain unchanged for now. This decision, in tandem with economist forecasts, keeps[…]
By Kouthar Sambo The Reserve Bank’s Monetary Policy Committee decided to keep the repo rate at 8.25% despite slightly higher inflation at 4.8%. This comes after three members of the committee voted to keep rates steady while two members were in favour of a 25-basis point hike. Speaking on VOC’s[…]
By Lee-Yandra Paulsen The South African Reserve Bank’s Monetary Policy Committee is poised to make a crucial announcement regarding potential changes to the repo rate, with analysts and economists closely watching the economic indicators that might influence their decision. The deliberations are fuelled by a mix of economic factors, including[…]
By Lee-Yandra Paulsen South Africa is experiencing a cost-of-living crisis, with skyrocketing food and fuel prices, as well as severe rate hikes, forcing households to make tough decisions. Programme Coordinator at the Pietermaritzburg Economic Justice & Dignity Group, Mervyn Abrahams spoke to VOC Breakfast on Friday about the Household Affordability[…]
By Aneeqa du Plessis After much anticipation, The South African Reserve Bank (SARB) has increased the repo rate by another whopping 50 basis points to 7.75%. Commenting on the hike, SA Federation of Trade Unions (SAFTU) said it opposed the latest interest rate hike, as it will have an adverse[…]
LOCAL The country’s annual Consumer Price Index (CPI) for the month of August decreased to 7.6% from 7.8% in July 2022. Statistics South Africa says month-on-month CPI increased to 0.2%. It says the main contributors to inflation were food and non-alcoholic beverages, housing, utilities and transport. Food and non-alcoholic beverages[…]
LOCAL The fastest inflation of Lesetja Kganyago’s almost eight-year tenure means it’s not a question of if the central bank governor will raise interest rates on Thursday, but by how much. Economists and traders aren’t ruling out the prospect that the SA Reserve Bank may lift the repurchase rate to[…]
Zimbabwe’s annual inflation rate quickened to 191.6 percent in June, more than doubling the consumer price increases of two months ago, official statistics showed Saturday. Inflation which was at 96.4 percent in April, crept up to nearly 200 percent as prices of cooking oil and bread are leaping higher as[…]
The Reserve Bank’s Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 3.5%. The decision will be made public on Thursday afternoon at the conclusion of the committee’s three-day meeting. The committee has previously said it expected inflation to remain contained at 4.2% this year. In[…]
Figures released by Statistics South Africa show that the Consumer Price Inflation rate has accelerated to 5.2% in May from 4.4% in April. The statistics agency notes that this is the highest reading since November 2018. Stats SA further notes that the change in the rate comes off a low[…]
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