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Inflation a challenge for central bank

SA Reserve Bank

SA Reserve Bank

 

Pretoria – Head of Research at the South African Reserve Bank, Rashad Cassim, says rising inflation is a challenge for the central bank. [Read more…]

Inflation to be contained by subdued economy

Pretoria – Due to the relatively subdued state of the South African economy, inflation is expected to be contained, says Reserve Bank Deputy Governor…
GlobalBuzz-SA – Business News

Reserve Bank sounds warning

South African Reserve Bank

South African Reserve Bank

Pretoria – The South African Reserve Bank views risks to the country’s inflation projections as being skewed slightly to the upside.

“Uncertainty regarding future developments in cost–push pressures and the exchange rate pose an upside risk to the outlook, which more than offsets the downside risks from possible contagion effects from the European crisis and associated slow growth,” said the bank in its Monetary Policy Review released on Tuesday. [Read more…]

Economic growth not encouraged by high inflation

Economic Growth

Economic Growth

Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday.

“Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where interest rates are at 5.5%, we cannot get growth going,” said Hart adding that inflation was too high to stimulate growth. [Read more…]

Reserve Bank eyes inflation

Reserve Bank - South Africa

Reserve Bank - South Africa

Pretoria – The Reserve Bank has vowed to keep a watchful eye on second-round effects of inflation, it stated in its May Monetary Policy Review.

“The MPC will remain vigilant with respect to indications of second-round effects or generalised inflation, and will not hesitate to take timeous appropriate action, particularly if inflation is expected to move out of the target range on a sustained basis,” said the central bank on Tuesday. [Read more…]