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From here to eternity in the age of low interest rates

17 July 2014

“L'éternité, c'est long ... surtout vers la fin.” ? Franz Kafka.

Slower should not mean never

17 July 2014

The South African Reserve Bank (SARB) has indicated it believes interest rates will need to be increased further. However, it has also suggested there is no urgency regarding hiking the rates. Deputy Governor of the Reserve Bank, Daniel Mminele noted during his speech at the SARB Financial Markets Department’s annual cocktail function on 24th June “… the current rate cycle need not match the speed and magnitude of earlier cycles”, partly due to the absence of material demand pressure on prices.

Further interest rate hikes necessary

17 July 2014

Economic forecasters’ views on the interest rate decision at the upcoming Monetary Policy Committee (MPC) meeting, to be held on 17 July, have been quite mixed given the on-going stagflationary bind that the South African Reserve Bank (SARB) finds itself in.

Another tough call for SARB this week, but hike may just be on the cards

15 July 2014

• The growth outlook is likely to weigh heavily on the minds of the MPC this week • We are deeply concerned about the damage the current strike is doing to South Africa’s manufacturing attractiveness • Though it would be a very close call, we expect a rate hike of 25 basis points

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

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