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The two main risks to South Africa's rating outlook are the global recession and uncertainty about government policy after the elections, Fitch ratings said on Wednesday. "A material change of...
Rate cuts will not lift the rand, RMB's currency strategist John Cairns said on Thursday. "Economic theory is clear - higher rates help the local currency and historical evidence is very supportive...
Unions and analysts are hoping for an interest rate cut of between half and one and a half percentage points when the SA Reserve Bank's Monetary Policy Committee meets on Thursday. "We call on the...
The SA Reserve Bank has opted not to change the repo rate at which it lends money to commercial banks. Bank governor Tito Mboweni made the announcement in Pretoria on Thursday after a two-day...
A one percentage point interest rate cut was widely welcomed
yesterday as a boost for the economy, with some thought spared for
pensioners and others who would be negatively affected.
Consumer price inflation excluding mortgage rates (CPIX) will slip
into the Bank's three to six percent target range in the last
quarter of 2003, a senior Reserve Bank economist said on Wednesday.