Shaking off Blue Monday
The latest stumble on the US exchanges may have shaken the global market, but the unpublished statistics point to a brighter long-term forecast.
Interest rate
SA Treasury gets its cash in record weekly debt sale, but forced to pay much higher interest
At yesterday’s weekly auction, global bond investors offered to lend three times the R3.3bn which the South African Treasury was looking for.
Trend remains your friend – invest abroad to benefit from Rand weakness
From a broader perspective the Rand had another turbulent month, but the trend towards long-term weakening which has been with us for the past year is still very much intact.
Kantor calls for Central Bank modesty. Why forecasting more than statistics.
Brian Kantor says Central Bankers are perhaps promising more than they can hope to deliver, and so putting the limelight on themselves.
Kevin Lings: Inflation risks drive rates higher, more of the same in 2016
The South African Reserve Bank opted to hike the Repo rate by 25bps to 6.25% at its MPC meeting today. Here is Stanlib economist’s Kevin Lings analysis of the decision.
Split decision: Economists unsure of which way SA rates will go
The SA Reserve Bank will ‘probably’ raise interest rates in anticipation of a likely US interest rate lift-off in December, economists said ahead of the Monetary Policy Committee’s decision on rates later.
Brian Kantor: SARB must ignore inflation expectations, can’t influence Rand
Investec economist Brian Kantor looks at inflationary expectations in South Africa and argues why they should be ignored by monetary policy.
Sanguine SARB breeding confidence – there’s an upside to latest Rand plunge
There’s a sense of calm at the SA Reserve Bank. SARB Governor Lesetja Kganyago is proving to possess a very safe pair of hands.
Reversal of global ‘savings glut’ will hit stocks, bonds
The global “savings glut” that has driven stocks higher and bond yields down will soon start to wane, leading to higher interest rates as populations age.
Cees Bruggemans: SAÂ interest rate prospects
SARB last month was severe and hawkish enough to make it sink in that the bar is set very high for any interest rate cuts this year. Instead, it was allowed that this country needs more reform rather than more monetary accommodation.