The benchmark interest rate in South Africa was last recorded at 7.75 percent. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
FILE PHOTO: A customer uses an ATM outside a branch of South Africa's First National Bank (FNB) at a mall in Soweto, South Africa, December 13, 2023. REUTERS/Siphiwe Sibeko/File Photo By Nqobile Dludla JOHANNESBURG (Reuters) - South African banks report their half-year ...
South Africa's Reserve Bank has again left the interest rate unchanged, a move that has been welcomed by analysts.South African Reserve Bank
Notably, the South African Reserve Bank (SARB) raised its policy rate from 3.5% in July 2020 to 7.25% in January 2023, with projections indicating a continued interest rate hiking cycle due to persistent high inflation (Majola 2023). This shift in policy has sparked debates regarding the ...
The theory assumes that when the interest rates increase, the exchange rates will appreciate. Even Engel and West (2005) were not able to find evidence to show that the monetary model can explain the exchange rate behaviour in the long run. Ziramba (2007) used South African data from 1970...
South African Producers Face Deflation for 2nd Month South Africa Retail Sales Growth Hits Over 2-Year High South Africa Inflation Rate Rises to 2.9% South Africa Factory Output Rebounds in October South Africa Gold Output Shrinks for 12th Month South Africa Mining Output Growth Slows South Africa...
The banks’ ‘BB-’ Long-Term Issuer Default Ratings, driven by their standalone profiles, have Stable Outlooks, as does the South African sovereign (BB-/Stable). Major South African Banks – Peer Review 2023, is available atwww.fitchratings.com ...
The South African government cut the inflation rate to 4% in 2004, and the rand appreciated 39% from 2002 to 2004. The South African Reserve Bank increased interest rates and along with the 28% rand appreciation in 2003 led a reduced consumer inflation of 5.8%. The government also has ...
The diminished effects of the exchange rate depreciation in stimulating GDP post-2008 imply South African policymakers cannot rely on the exchange rate depreciation as a potent macroeconomic stabilization policy tool. Evidence from the counterfactual analysis reveals that the exchange rate volatility, ...
Following the national elections on May 29, 2024, the African National Congress, in power since 1994, received only 40.2% of votes.1 Thus, unable to secure a parliamentary majority, it formed a coalition government with the centrist and pro-market Democratic Alliance—its main opposition—as wel...