South African central bank predicts higher inflation and more rate rises
Inflationary pressures are rising, Sarb says
The South African Reserve Bank changed its forecast for policy rates at its policy committee meeting today (July 19), saying it now expects more rate hikes.
The central bank’s quarterly projection model now projects five increases of 25 basis points will occur by the end of 2020, governor Lesetja Kganyago said in a statement. The committee voted unanimously to leave rates on hold at 6.5%.
The central bank also raised its medium-term inflation forecast. It now expects headline inflation to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- Profit inflation and monetary policy: weighing the evidence
- Central bank of the year: Central Bank of Brazil