Wed Feb 17, 2016/Reuters South Africa is at risk of slipping into recession this year while growth should recover slightly in 2017 as the weaker rand helps to boost exports, the World Bank said on Wednesday. A global commodities rout over the past 18-months has hobbled South Africa’s economy, which […]
Tag: South Africa
South African reserve bank raises repo rate as inflation outlook worsens
Thu Jan 28, 2016/Reuters South Africa’s Reserve Bank raised its benchmark repo rate by half a percentage point as expected on Thursday, saying the outlook for inflation had deteriorated significantly even as economic growth slowed. Nineteen of 31 economists polled by Reuters said the central bank would hike interest rates […]
Markets see South Africa’s central bank lifting rates by 50 bps
Wed Jan 27, 2016/Reuters By Mfuneko Toyana South African bonds are still pricing in the first 50 basis point interest rate increase at a single meeting in two years this week, despite comments by the central bank governor suggesting he wants to keep to a path of gradual hikes. At […]
