Headline inflation in South Africa will rise to about 8% this year, breaching the upper end of the South African Reserve Bank’s target band of 3% to 6%, according to a research report by Moody’s Investors Service published last week. Moody’s forecast that the SARB will continue to raise the repurchase rate “gradually” but did […]
BNP Paribas says the pressures on core inflation are building, which could force the South African Reserve Bank (Sarb) to step up the pace of repo rate hikes from next month. Meanwhile, Anchor Capital has forecast repo rate hikes of 25 basis points each in May, July and September, which will bring the repo rate […]
As expected, the SA Reserve Bank’s Monetary Policy Committee (MPC) on Thursday raised the repo rate by 25 basis points to 4%. However, what surprised some market analysts is that the SARB’s quarterly projection model (QPM) indicates that rates will increase more slowly than at the pace laid out at the MPC’s meeting in November. […]
By how much will inflation increase this year and, more importantly, how many rate hikes will we see as a result? Thursday’s meeting of the Monetary Policy Committee (MPC) may shed more light on the matter, but in the meantime, market analysts and commentators have weighed in. In a presentation last week, Nedbank Corporate and […]
The answer is simple. Inflation, according to Thalia Petousis, fund manager at Allan Gray. Last week, the Reserve Bank’s Monetary Policy Committee (MPC) voted unanimously to keep the repo rate unchanged at 3,5%, its lowest level since it was introduced in 1998. Lower interest rates, although a life jacket for those in debt or with home […]
