Economy

CPI for October 2020

Consumer price inflation increased to 3.3% year-on-year as at the end of October 2020, slightly higher than September but remains at the lower end of the South African Reserve Bank’s target band.

Further into junk

Glimmer of hope despite a tough economic year

Following the South African Reserve Bank’s (SARB) decision to keep interest rates unchanged, FNB confirms it will keep its prime lending rate at 7%.

Low rates positive for agriculture heading into the new crop season

The South African Reserve Bank (SARB) again left the repo rate unchanged at a record low of 3.5% in its November 2020 meeting. The SARB’s inflation forecast indicates that it will be below the mid-point of the 3% to 6% range due to the slow economic recovery.