JOHANNESBURG - South African Reserve Bank Governor Lesetja Kganyago announced today the bank's latest decision on interest rates after a three-day meeting of the monetary policy committee he chairs.
The MPC assesses the risks to the growth forecast to be on the downside - @KganyagoLesetja pic.twitter.com/tGnbOsDmU6 Headline inflation is expected to average 4.5% in 2019 , increasing to 5.1% in 2020 and moderating to 4.6% in 2021 . pic.twitter.com/SGjH0tHNuWIn March, the SARB's monetary policy committee unanimously decided to keep the repo rate at which it lends to commercial banks unchanged as it cut its economic growth forecast.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK: The rand is going digital – and the Reserve Bank is open for suggestionsCentral bankers have always been protective of the currencies they keep. Stability is a top priority, which has made them rather cautious about solutions that threaten that position. Yet, lately, they’ve thrown that caution to the wind as more regulators actively start experimenting with the idea of cryptocurrencies and the underlying blockchain technology. Even the SA Reserve Bank is warming up to the idea of digital currency. And it has asked the industry to help it come up with the best ideas.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Moderate CPI data supports case for SARB to hold rates — and maybe talk about cutsConsumer inflation in South Africa braked slightly in April 2019, supporting the view that the Reserve Bank will keep rates steady at the Thursday 23 May meeting of its Monetary Policy Committee. Given that inflation remains subdued because of weak demand and anaemic economic growth, there may be a case for the bank at least to contemplate when a cut may be on the table.
Source: dailymaverick - 🏆 3. / 84 Read more »
Little to no bank fees with these new accounts from banks | IOL Business ReportAfrican Bank launched its transactional banking offering, MyWORLD, as it takes on fierce competition from South Africa's established lenders.
Source: IOL - 🏆 46. / 51 Read more »