As the two events would hit the rand and thus be inflationary, the MPC would not want to go into such a period with figures that are too low
The world is at a monetary policy inflection point, where policy moves from hawkish to dovish, led by the US. The Fed has hiked rates 4.75 percentage points since March 2022, a tightening pace last seen in the early ’80s Volker era. The aggression of this tightening cycle extended to the rest of the world.
Of the 38 central banks tracked by the Bank for International Settlements, 34 hiked a total of 207 times in the last year, showing an unprecedented co-ordination in monetary policy moves. On average, central banks raised rates 440 basis points in the past year. ..
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.
MPC expected to hike repo rateEconomists expect the Reserve Bank to announce a 25 basis point increase in the interest rate this week.
Read more »
Reserve Bank’s Kganyago set to raise borrowing costs yet again this weekDespite the turmoil in the banking sector, the US Federal Reserve has pushed ahead with its hiking cycle. The 25 basis point hike stateside supports another South African Reserve Bank interest rate hike.
Read more »
Egypt central bank seen raising interest rates by 200 bpsEgypt's central bank (CBE) is forecast to hike its overnight interest rates by 200 basis points on Thursday as it struggles to bring soaring inflation under control, a Reuters poll showed on Monday.
Read more »
First Citizens to acquire collapsed Silicon Valley BankUS bank First Citizens said it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears.
Read more »
Zimbabwe Reserve Bank face sanctions over money laundering accusations - SABC NewsThe Reserve Bank of Zimbabwe is facing sanctions following allegations that it is being used for money laundering and illicit gold dealings.
Read more »
What to expect from the Reserve Bank’s interest rate decision this weekEconomists, analysts, experts and academics give their predictions for where the interest rate will go this week.
Read more »