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SARB holds interest rates steady, but paves the way for hikes

22 May 2015

The South African Reserve Bank (SARB) kept interest rates on hold at 5.75% today, in line with our in-house view and the unanimous prediction among the 26 analysts polled by Bloomberg.

SA economic outlook for 2015

20 May 2015

South Africa has a relatively heavy regulation burden compared to most developed countries. Rising wages, poverty, inequalities, high unemployment and a shortage of qualified labour are challenges facing SA.

Very close call for rates this week

19 May 2015

Since the South African Reserve Bank’s (SARB) last monetary policy committee (MPC) meeting, the risks to the inflation outlook have increased. This leaves this week’s interest rate decision very difficult to call.

Is the South African Rand actually that volatile?

19 May 2015

Day–to-day the Rand appears to be volatile, it is the second most volatile emerging market currency, but over time it has been depreciating in a consistent fashion, says Andrew Flavell, wealth manager at AlphaWealth. Flavell tracked the US dollar and the Rand exchange rates since January 1997 when it was R4.39. The current exchange rate (at the time of writing) is R11.78 to the dollar which means the annual exchange rate depreciation has averaged 5.3% per year.

quick poll

Question

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

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results