Nobody should doubt the resolve of the central bank when it comes to bringing inflation down, even if it means hiking rates into a recession, writes ClaireBisseker.
The risks are rising that inflation is going to remain sticky this year, which means the Reserve Bank could have to keep hiking interest rates in a rapidly slowing economy, given its firm resolve to get the inflation genie back in the bottle.
It may seem senseless for the Bank to be contemplating further rate hikes when its own forecast is that South Africa will experience 250 days of load-shedding this year — 60% worse than 157 days in 2022 — and that economic growth will slow to just 0.3%. ..
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.
DA congress adopts resolution to protect SA Reserve Bank's independenceThe DA said it rejects threats to erode the independence of the central bank through nationalisation.
Read more »
DA passes resolution to protect Reserve Bank independence amid worries about fiscus being drained | News24Having reformulated its policies in 2020, the Democratic Alliance on Sunday consolidated the party’s policy position ahead of the 2024 national elections. | JKwritingz
Read more »
DA resolves to protect the Reserve Bank's independenceThe DA says the independence of the Reserve Bank must be protected. Any move by the ANC and EFF to nationalise and change its mandate must be rejected, the party resolved at its congress.
Read more »
DA resolves to protect the Reserve Bank's independenceDA resolves to protect the Reserve Bank's independence: The DA says the independence of the Reserve Bank must be protected. Any move by the ANC and EFF to nationalise and change its mandate must be rejected, the party resolved at its congress.
Read more »
DA resolves to protect the Reserve Bank's independenceThe DA says the independence of the Reserve Bank must be protected. Any move by the ANC and EFF to nationalise and change its mandate must be rejected, the party resolved at its congress.
Read more »
UWC applies for permit for prescribed burn in Cape Flats Nature ReserveThe portion of the Cape Flats Nature Reserve has not been burned in nearly 40 years, resulting in bush encroachment, said the University of the Western Cape.
Read more »