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Hawkish SARB MPC hikes amidst upside inflation risks

Hawkish SARB MPC hikes amidst upside inflation risks

25 May 2023

The Reserve Bank increased its repo rate by 50bp to 8.25% at the conclusion of its Monetary Policy Committee (MPC) meeting today, underlining its inflation fighting credentials.

MPC hiked policy rate for the tenth consecutive time

MPC hiked policy rate for the tenth consecutive time

25 May 2023

The monetary policy committee (MPC) at the South African Reserve Bank (SARB) continued its aggressive tightening approach by raising the policy rate by an additional 50 basis points, bringing the repo rate to 8.25%. This decision was unanimously supported by all committee members.

PPS Investments: CPI for April 2023

PPS Investments: CPI for April 2023

25 May 2023

Consumer price inflation increased by 6.8% year-on-year in April 2023, which was a decline from the 7.1% year-on-year print in March.

Consumer inflation moderated to 6.8% in April

Consumer inflation moderated to 6.8% in April

24 May 2023

Headline inflation recorded 6.8% y/y in April, down from 7.1% in March, and 0.4% m/m. This outcome was slightly lower than our and the consensus expectation of 7.0%. Core items contributed 0.3ppt to monthly headline inflation, while food and non-alcoholic beverages (NAB) added 0.1ppt.

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Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

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SARB MPC: It’s about inflation, rather than the Rand

SARB MPC: It’s about inflation, rather than the Rand

24 May 2023
What to expect from the announcement on Thursday

What to expect from the announcement on Thursday

22 May 2023
Retail sales volumes decline for a fourth consecutive month

Retail sales volumes decline for a fourth consecutive month

18 May 2023
Employment recovery sustained with over 1.9 million cumulative job gains over the past six quarters

Employment recovery sustained with over 1.9 million cumulative job gains over the past six quarters

16 May 2023
Interest rates might still climb further

Interest rates might still climb further

03 May 2023
FNB expects the fuel price trend to worsen in 2023

FNB expects the fuel price trend to worsen in 2023

03 May 2023
Building business resilience against South Africa’s long-term socio-economic headwinds

Building business resilience against South Africa’s long-term socio-economic headwinds

24 April 2023
A faster acceleration in food price inflation to another record high in March 2023

A faster acceleration in food price inflation to another record high in March 2023

20 April 2023