Economy / General

KPMG Global Economic Outlook: Commodity prices counteract impact of rising inflation & slowing growth in South Africa

The Ukraine conflict isn’t the only reason for skyrocketing fuel prices – economist says

MPC Commentary

The Monetary Policy Committee (MPC) decided to increase the repo rate by 25 basis points to 4.25%, marking the third consecutive 25 basis point increase since the low of 3.5%. The decision was split among the MPC members with three members preferring the 25 basis point increase and two motivating that a 50 basis point increase would be more appropriate.

Higher cost outlook for agriculture as the SARB lifts interest rates for the second time in 2022

The South African Reserve Bank’s (SARB’s) continued its monetary policy normalisation with a further hike of 25 basis points, the second for 2022, which brought the repurchase rate to 4.25% effective from the 25th of March 2022. Elevated global and domestic risks to the inflation outlook with the Russia-Ukraine war adding fuel to the fire underpinned the upside move in interest rates.