South Africa’s higher-than-expected inflation data in June points to a further interest rate hike in July, but there is still some uncertainty about how much the central bank will hike by.
The South African Reserve Bank is now forecast to follow up the 50bps hike in May with another 50bps rise in July. Previously, a 25bps increase was pencilled in for July, said economists from the Bureau for Economic Research in a research note on Monday .
“Why not a 75bps SARB hike in July in ‘sympathy’ with the Fed and central banks in countries like Chile, Mexico and Poland that have all recently upped the ante with moves of 75bps?”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Farm attacks, stock theft: Rural Safety Summit to go ahead, Parys, 27 June 2022 - South Africa TodaySouth African Police Service (SAPS) will host a two-day Rural Safety Summit in Parys, Free State from 27–28 June 2022
Read more »
Beware the ‘doting grandparent scam’ in South Africa, top insurer warnsRetirement is a time for you to be enjoying a more relaxed pace of life, spending time with loved ones and friends, and enjoying the fruits of your working career. However, retirees could be at risk of becoming victims of cybercrime fraudsters who are targeting your ‘nest egg’.
Read more »
South Africa's very first cannabis clinical trialThe study will need 1,000 participants who have been taking opioids to manage pain and are willing to change to a cannabis alternative. DarrenKeriSkyOnECR
Read more »
Cheapest mobile phones in South Africa — including several options for under R200Here are ten of the most affordable mobile phones you can buy in South Africa.
Read more »
South Africa: Cadre Deployment Unconstitutional and Illegal - Commission's Bombshell Finding On ANC's Key PolicyThe State Capture Commission report has found that the ANC's deployment policy is unconstitutional and illegal. Commission chairperson, now Chief Justice, Raymond Zondo stated in Part 6 of the report that there is also no reason for the ANC's deployment committee to exist.
Read more »
Sinovac's COVID-19 vaccine conditionally registered in South AfricaChina's Sinovac Biotech said on Saturday that South Africa's health products regulator has granted conditional registration to its coronavirus vaccine CoronaVac for people aged 18 and above.
Read more »