News

South Africa, Inflation

South African finance minister not planning to lower inflation target yet
South Africa's Finance Minister Enoch Godongwana said on Friday that an expectation had been created that he would announce a lower inflation target for the central bank at the mid-term budget but that he had no plans to do so.
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.
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 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.
FOLLOW LIVE | Interest rate relief for South Africans in debt?
The South African Reserve Bank (SARB) is expected to decide on a 25 basis point cut in interest rates on Thursday.
Sarb's potential shift to 3% inflation target could benefit South African economy - economists
As South Africa's economic landscape shifts, experts advocate for lowering the inflation target to 3%, suggesting it could enhance growth and consumer wellbeing
South African central bank lowers inflation goal without minister's sign-off
By Kopano Gumbi, Sfundo Parakozov and Alexander WinningPRETORIA (Reuters) -South Africa's central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the finance minister not yet signing off on a formal target change,
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 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 there was still scope to ease monetary policy.
South African central bank governor's comments on rate decision
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