Tag: interest rates

SA MPC Meeting: Will the SARB cut interest rates further?

The South African Reserve Bank is set to announce its policy rate decision this afternoon, will analysts divided on whether rates will remain unchanged or cut by a further 25 basis points.

PwC expects a hold on MPC rates today, here’s why

Economists are divided in their expectations of the MPC rate decision taking place today. Some are suggesting a rate hold as it’s close to the bottom of the cycle, and others expecting a 25 basis point cut which would make it the lowest interest rate point in decades. PwC expects no change in the rates this afternoon and joining CNBC Africa for more is Christie Viljoen, Economist at PwC.

COVID-19: Investing for Roubini’s Greater Depression

“The lessons learned from the GFC encouraged policymakers worldwide to work furiously to get economies back into shape through a series of fierce and co-ordinated policy responses to the impacts of Covid-19. In turn, this has encouraged a consensus view amongst economists that the recovery from the crisis will be V-shaped,” writes Cannon Asset Managers CE Adrian Saville.

South African Reserve Bank cuts lending rate by 50 basis points

South Africa’s central bank cut its main lending rate by 50 basis points (bps) to 3.75% on Thursday, in what Governor Lesetja Kganyago said was a move aimed at shielding the economy from the impact of the new coronavirus.

StanChart on SA’s COVID-19 monetary policy response

In the next few hours the South African Reserve Bank governor is due to announce the MPC rate decision, which many analysts believe that there will be a rate cut of 50 Basis points. Joining CNBC Africa to give insight on South Africa’s monetary stimulus support during Covid-19 is Razia Khan, Chief Economist for Africa and the Middle East at Standard Chartered Bank.

Emmanuel Tsigbey on why Ghana’s MPC kept rates unchanged

Ghana’s Monetary Policy Committee decided to keep the country’s policy rate unchanged at 14.5 percent citing elevated risks to inflation outlook, sharp downturn in GDP growth which are fallouts of the COVID-19 pandemic. Emmanuel Tsigbey, Chartered Economic Policy Analyst joins CNBC Africa for more.

Why people seek refuge in gold during crises like COVID-19

Investors’ fear levels are particularly high right now, as the coronavirus pandemic turned a global health crisis into an economic one. And it is uncertain when the world will recover from either of these crises.

South African economy to shrink 4.9% in 2020, SARB to cut rates in May – Poll

South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.
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