Here’s why 2019 will be an interesting year for SARB
Changes at the top of the South African Reserve Bank could hold a lot of sway over the frequency of interest rate hikes in 2019 through to 2020.
Changes at the top of the South African Reserve Bank could hold a lot of sway over the frequency of interest rate hikes in 2019 through to 2020.
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) meets on 26 – 28 March 2018 to deliberate an interest rate stance.
The decision to place VBS Mutual Bank under curatorship was based on concerns that the bank was facing a liquidity crisis and could collapse, devouring depositors’ funds.
SA Reserve Bank governor Lesetja Kganyago announced on Thursday that the Monetary Policy Committee has decided to cut the interest rates.
SA’s inflation rate fell to a six-month low in March after food-price increases slowed, a short reprieve amid President Jacob Zuma’s Cabinet reshuffle.
Mozambique’s central bank will introduce a prime lending rate in two months and immediately removed a curb on how much citizens can spend overseas using their bank cards.
Former SA Reserve Bank Governor Tito Mboweni has resorted to his Facebook page to send a message to the Zuma Administration to stop being stupid.
Brian Kantor thinks higher interest rates have already slowed South Africa’s economy and will slow it further, making Gordhan’s and every citizen’s job a lot harder.
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.
SA’s rand firmed against the dollar on Wednesday after softer-than-expected inflation bolstered the case for local lending rates to remain on hold.