Economy / General

The impact of higher interest rates on salary increases and employee expectations

PPS Investments: MPC – 21 September 2023

The Monetary Policy Committee (MPC) decided to leave the repo rate unchanged at 8.25%. Three of the committee members preferred no change, while two members preferred a 25-basis point increase.

PPS Investments: CPI for August 2023

Consumer price inflation increased by 4.8% year-on-year in August 2023, slightly higher than the 4.7% year-on-year print in July.

A view on today’s CPI release and the impact on the next interest rate decision

The Consumer Price Index (CPI), published by Statistics South Africa (Stats SA), ticked up to 4.8% y/y in August 2023, following four consecutive decreases that led to inflation falling to 4.7% y/y in July.