News

South Africa, inflation and Central Bank

South Africa's finance minister and central bank governor at odds over inflation target
The South African central bank's decision to lower its inflation target on Thursday without the sign-off of the finance ministry has raised questions among investors about policymaking cohesion in Africa's largest economy.
South Africa's Bold Inflation Shift: SARB Targets 3% Despite Treasury Hesitation
South Africa's central bank aims for 3% inflation, deviating from its 4.5% target, and lowers its lending rate. Despite Finance Minister Godongwana's reservations, SARB's Governor Kganyago advocates for this shift to enhance competitiveness.
South Africa's Central Bank Cuts Key Rate, Will Aim for Bottom of Target Band
PRETORIA (Reuters) -South Africa's central bank cut its key interest rate by 25 basis points to 7.00% on Thursday and said it would now aim for the bottom of its inflation target range. The rate cut was in line with the median forecast of economists polled by Reuters.
Cost of South African government borrowing falls as Reserve Bank targets lower inflation
South Africa's government borrowing costs dropped to their lowest in five years after the Reserve Bank announced on Thursday it would lower its inflation goal despite the finance minister not yet signing off on a formal change of target.
South African Reserve Bank Cuts Main Repo Rate to 7%
The central bank cut its main repo rate by a quarter percentage point as inflation remains low in the midst of continuing global uncertainty.
South African central bank lowers inflation goal without minister's sign-off
By Kopano Gumbi, Sfundo Parakozov and Alexander Winning PRETORIA (Reuters) -South Africa's central bank said on Thursday it ...
Bizcommunity.com on MSN3d
South Africa: National house-price inflation hits highest growth since 2007
Having peaked in 2022, total residential property sales activity over the past decade (financial year 2015 to FY 2025) ...
The Citizen5d
A 3% inflation target: What it means for SA markets, and will it solve our debt issues?
Some economists believe the governor of the Reserve Bank could even announce the 3% inflation target on Thursday, along with ...
South Africa's small inflation rise leaves room for rate cuts, analysts say
South Africa's inflation rate edged higher in June, reaching the base of the central bank's target range, but analysts said ...
Farmer's Weekly4d
Meat prices push SA food inflation to 15-month high
South Africa’s food price inflation continued to climb in June, driven largely by surging meat prices, which reached a ...
Consumer inflation rises to 4-month high as beef prices drive food price surge
Stats SA chief director of price statistics, Patrick Kelly, said the year-on-year rate for food and non-alcoholic beverages ...
U.S. News & World Report5mon
South Africa Inflation Edges up in First Release Since Basket Update
Inflation rose to 3.2% year on year in January from 3.0% in December, lower than the 3.3% forecast by economists and still well within the South African Reserve Bank's range of 3% to 6%.