Tag Archivessarb

No pre-Christmas rally on global markets

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. Hopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 Summit in Buenos Aires lasted barely a day before it became clear that there was widespread […]

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Maarten Ackerman

Hawkish SARB raises interest rates

By Maarten Ackerman, Chief Economist and Advisory Partner, Citadel A hawkish South African Reserve Bank (SARB) has taken the decision to increase the interest rate by 25 basis points to 6.75%. (more…)

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inflationaheadfeat

Fuel price pushes inflation to 5.1%

By Mamello Matikinca, FNB Chief Economist. Consumer price inflation rose 5.1% y/y in October from 4.9% in September; this was marginally lower than our expectation of a 5.2% y/y rise. The main driver behind the acceleration was the 99c/l rise in fuel prices, which translated into a 10.5% y/y rise in transport inflation – this […]

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What to expect from November’s interest rate decision

By Maura Feddersen, Economist at PwC Strategy&. The last Monetary Policy Committee (MPC) meeting of the South African Reserve Bank (SARB) in 2018 is well underway, with policymakers considering the possibility of a rate hike in November against the backdrop of rising inflation expectations. (more…)

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global-emerging-markets

Global growth is out of sync – what’s in store for SA

By Reza Hendrickse, Portfolio Manager at PPS Investments. Global economic expansion fell out of sync this year unlike the previous two years as global growth appeared to have plateaued. This is evident in Q3 where the performance has been less than spectacular. (more…)

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Interest rates remain unchanged

Luigi Marinus, Portfolio Manager at PPS Investments. The South African Reserve Bank governor announced the Monetary Policy Committee (MPC) decision to keep the repo rate unchanged at 6.5%. Two factors that lead to this decision were the MPC forecasting inflation to peak at 5.9% – which is below the top of the target band – […]

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intratesnov14hold

Efficiency key to overcoming tough economic conditions, says FNB

Following the South African Reserve Bank’s decision earlier today to keep interest rates at their previous level, FNB will maintain its prime lending rate at 10% and review its position following the next SARB MPC meeting in November. (more…)

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intratesnov14hold

Interest rate hike unlikely tomorrow

By Adriaan Pask, Chief Investment Officer, PSG Wealth. Indications that South Africa’s economy remained weak at the start of the third quarter of this year make it unlikely that the South African Reserve Bank’s (SARB) monetary policy committee will hike interest rates tomorrow (Thursday, 20 Sep). (more…)

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