Monetary Policy Committee - resbank.co.za
6 days ago · The SARB’s Monetary Policy Committee (MPC) conducts monetary policy within a flexible inflation-targeting framework
Statement of the Monetary Policy Committee September 2024
Sep 19, 2024 · Statement of the Monetary Policy Committee. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank. Published on 19 September 2024. As we move towards the end of the year, global inflation is slowing and nearing targets. Given these gains, major central banks have lowered rates.
What is monetary policy? - resbank.co.za
6 days ago · The Monetary Policy Committee (MPC) meets six times a year to set the repo rate. The MPC consists of up to seven members, including the Governor of the SARB, the three deputy governors and senior officials appointed by the Governor.
Interest rate cut gives South Africa's homeowners reason to cheer
6 days ago · The decision late last month by the South African Reserve Bank’s (SARB’s) monetary policy committee (MPC) to cut interest rates by 25 basis points came as welcome news to those South Africans ...
MPC Meeting Announcements 2024 | All the Details - Investec
The MPC or Monetary Policy Committee is a five-member committee of the South African Reserve Bank (SARB) entrusted with steering monetary policy in line with the bank’s inflation targets and framework.
Reserve Bank cuts repo rate by only 25 bps despite economists' …
Nov 21, 2024 · The Monetary Policy Committee of the South African Reserve Bank has decided to cut the repo rate by only 25 basis points, despite economists calling for a cut of 50 basis points.
Statement of the Monetary Policy Committee July 2024
Jul 18, 2024 · Statement of the Monetary Policy Committee. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank. Published on 18 July 2024 As we move into the second half of the year, global inflation continues to ease. The very rapid price increases of 2022 and 2023 have receded.
We now expect the South African economy to grow by 1.8% (from 1.9%) this year. Despite considerable volatility in monthly indicators, GDP growth of 0.4% is still expected in the third quarter.
Issued by Lesetja Kganyago, Governor of the South African Reserve Bank As we enter the second quarter of the year, sticky inflation, sluggish growth and now elevated financial stability risks mark the global economy.
When is the next SARB interest rate announcement? - The South African
Jan 29, 2024 · The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) voted to keep interest rates on hold last Thursday in what was their first meeting of 2024.