Reserve Bank likely to keep interest rates steady for consumers' benefit | IOL Business Report

JOHANNESBURG – Low inflation is set to benefit consumers this festive season as the South African Reserve Bank looks set to leave interest rates unchanged at its final meeting for the year tomorrow.

Inflation was 4.1 percent year-on-year in September, from 4.3 percent in August, dipping below the 4.5 percent midpoint of the Sarb’s target range of 3 to 6 percent. Economists say the Sarb’s Monetary Policy Committee is likely to cut the repurchase rate , or at least leave it unchanged, as inflation has consistently surprised on the downside this year. Sarb cut the repo rate by 25 basis points in July, from 6.75 percent to 6.5 percent, and decided to keep it unchanged in September.

But that has not spurred economic growth, as retail sales continue to depict a muted demand environment, moderating to 1.1 percent in August and falling below the market consensus of 1.7 percent.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Bank Zero will launch business offering with personal account in 2020Michael Jordaan’s exclusively digital bank scraps soft launch
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

UN has not changed position on Israel occupation of West Bank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.United Nations Chief Antonio Guterres says the organisation’s long-held position on the illegality of Israeli settlements in the occupied West Bank had not changed.
Sumber: SABC News Online - 🏆 32. / 51 Baca lebih lajut »

SAA warns it could be out of business if strike continues much longer | IOL Business ReportUnder-fire SA Airways has warned that the strike would put the national carrier out of business if it continued for longer, as it benefited only competing airlines. busrep
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »