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The announcement late last night by global credit rating agency Moody’s Investor Services affirming South Africa’s long-term investment grade and upgrading its outlook from negative to stable is a vote of confidence in the progress we have made as a country since late last year.
Global ratings agency Moody’s Investor Services, left South Africa’s international long-term credit rating unchanged at Baa3 on Friday night. Moody’s also changed the ratings outlook from negative to stable, ending the review for downgrade that started in November 2017.
CPI declined to 4.0% year-on-year in February compared to 4.4% in January. This is the lowest level for more than two years. Month-on-month from January to February, CPI increased by 0.8%.
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) meets on 26 - 28 March 2018 to deliberate an interest rate stance that anchors inflation to the middle of the 3 - 6% target rate. To gauge the risks to the inflation outlook, the MPC will consider the plethora of local and international economic trends that has emerged since its last interest rate decision in January.
The strongest deterrent against FSP compliance missteps is or should be: