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INTEREST RATES NEWS ON FASTMOVING

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SA on track for third year of moderating inflation

SA on track for third year of moderating inflation

25/11/2019 - 09:41
SA’s largest asset manager Investec says SA is likely to see average inflation of 4.5% in 2020, with price pressure consistently moderating since 2016. read more
Inflation accelerates slightly in May

Inflation accelerates slightly in May

19/06/2019 - 11:24
Inflation accelerated slightly to 4.5% in May, giving impetus to calls for an interest cut in July. read more
With August's CPI lower than expected, a hike in interest rates will be a close call

With August's CPI lower than expected, a hike in interest rates will be a close call

19/09/2018 - 10:22
Consumer inflation surprised to the downside in August, lessening the likelihood of an interest-rate increase by the SA Reserve Bank. read more
Interest rate cut may be on the cards

Interest rate cut may be on the cards

21/09/2017 - 10:36
With inflation heading down towards the mid-point of the target range, most economists expect another 25 basis point cut in interest rates when the Reserve Bank’s monetary policy committee concludes its three-day meeting on Thursday. read more
 Breathing room for consumers?

Breathing room for consumers?

27/06/2017 - 10:12
In terms of the outlook for consumers, there is reason for cautious optimism due to lower inflation and the potential for modest interest rate cuts, according to Dave Mohr (chief investment strategist) and Izak Odendaal (investment strategist) at Old Mutual Multi-Managers. read more
Buying a house in SA just got harder as banks raise deposit requirements

Buying a house in SA just got harder as banks raise deposit requirements

23/06/2016 - 08:48
While the slowing economy has not as yet caused a decline in the percentage of home loans applications being approved by the banks, they have begun to raise deposit requirements in recent months. read more
Consumer credit health improves slightly

Consumer credit health improves slightly

23/01/2015 - 10:26
Consumer credit health improved slightly in the fourth quarter of 2014 amid slower increases in food prices and declines in fuel prices. read more
SARB hikes repo rate by 0.5%

SARB hikes repo rate by 0.5%

30/01/2014 - 11:00
Pretoria - South Africa's Reserve Bank raised interest rates for the first time in nearly six years on Wednesday, keeping in step with other emerging market economies that have tightened monetary policy to try to stem sharp falls in their currencies. read more
IMF warns Botswana on household debt

IMF warns Botswana on household debt

05/09/2013 - 07:45
The International Monetery Fund(IMF) has weighed into the long-running debate on high household debt, warning that commercial bank's level of exposure to this was a "significant source of vulnerability".  read more
Analysts: No rate hikes soon

Analysts: No rate hikes soon

22/03/2013 - 08:07
Johannesburg - The SA Reserve Bank's concern about growth and consumer growth in particular shows that interest rate hikes are just not possible, economists say. read more
ATM withdrawals stagnant in February

ATM withdrawals stagnant in February

12/03/2013 - 07:49
Johannesburg - Withdrawals from ATMs across the country remained stagnant in February, increasing only 0.69% from January, Spark ATM Systems said on Monday. read more
SA consumers suffer cash hangover

SA consumers suffer cash hangover

08/02/2013 - 08:02
Cape Town - Cash withdrawals fell 9.18% to R440.53 in January, but consumers will regain positive momentum in March, Spark Cash Index (SCI) said on Thursday. read more
Private sector credit growth tops 10%

Private sector credit growth tops 10%

31/01/2013 - 09:43
Growth in credit to the private sector topped 10 percent year on year last month, for the first time since February 2009, the Reserve Bank said. read more
Economic growth seen subdued in 2013

Economic growth seen subdued in 2013

18/01/2013 - 07:32
Johannesburg - South Africa's interest rates are likely to stay this year as the Reserve Bank looks to curb rising inflation amid subdued economic growth, a Reuters poll found on Thursday. read more
October Retail trade sales slowed sharply to 1%

October Retail trade sales slowed sharply to 1%

14/12/2012 - 09:16
Growth in South Africa's retail sales slowed to 1% year-on-year in October compared with a revised 4.7 percent expansion in September, Statistics South Africa said on Tuesday.  read more
China's factory output jumps to new high

China's factory output jumps to new high

10/12/2012 - 08:07
Beijing - Growth in China's factory output and retail sales jumped to eight-month highs in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.  read more
Economy Strikes dent SA growth, slows to 1.2%

Economy Strikes dent SA growth, slows to 1.2%

28/11/2012 - 00:01
Johannesburg - South Africa's economic growth slowed to 1.2% in the third quarter of 2012 on a seasonally adjusted and annualised basis, compared with a revised 3.4% rise in the second quarter, data showed on Tuesday. read more
Sterling sales boost Truworths shares

Sterling sales boost Truworths shares

09/11/2012 - 07:36
Johannesburg - South Africa’s biggest-listed apparel retailer, Truworths International Ltd [JSE:TRU], reported a 16% jump in sales for the first 18 weeks of its financial year on Thursday, lifting its shares. read more
Retail sales dim rate cut hopes

Retail sales dim rate cut hopes

19/07/2012 - 09:20
Johannesburg - Growth in South Africa's retail sales accelerated above expections in May, data showed on Wednesday, denting any chance the Reserve Bank will trim interest rates from current three-decade lows this week. read more
China's economic growth slows

China's economic growth slows

16/07/2012 - 07:44
Beijing - China's economy expanded at its slowest pace since the depths of the global financial crisis more than three years ago, official data showed on Friday, fuelling expectations of more stimulus moves. read more
Factory output blows past forecasts

Factory output blows past forecasts

13/07/2012 - 08:50
Johannesburg - South Africa’s factory output grew above expectations in May compared with last year, backing the case for interest rates to stay unchanged at next week’s policy meeting, although the central bank may cut them later this year to buoy the economy. read more
Reserve Bank may lower inflation forecasts

Reserve Bank may lower inflation forecasts

22/06/2012 - 08:12
The Reserve Bank may revise its inflation forecasts lower as a result of figures pointing to an improved outlook, the Bank’s deputy research head, Johan van den Heever, said on Thursday. read more
Inflation slows more than expected

Inflation slows more than expected

21/06/2012 - 08:07
Johannesburg - South Africa's consumer inflation braked more than expected to 5.7% year-on-year (y/y) in May from 6.1% in April, returning to the Reserve Bank's 3%- 6% target band, Statistics South Africa said on Wednesday.  read more
Retail sales growth eases

Retail sales growth eases

14/06/2012 - 08:54
Johannesburg - Growth in South Africa's retail sales braked sharply to 1.0% on a year-on-year basis at constant prices in April, compared with a revised 6.7% in March, Statistics South Africa said on Wednesday. read more
Inflation quickens to 6.1%

Inflation quickens to 6.1%

25/05/2012 - 08:27
Johannesburg - South Africa's consumer inflation quickened slightly to 6.1% year-on-year (y/y) in April from 6.0% in March, breaching the top end of the Reserve Bank's target band once again, Statistics South Africa data showed on Wednesday.  read more
Interest rates unchanged

Interest rates unchanged

25/05/2012 - 08:14
Johannesburg - The Reserve Bank will maintain current interest rates, governor Gill Marcus said on Thursday. read more
Lower commodities help ease SA prices

Lower commodities help ease SA prices

30/04/2012 - 08:13
Johannesburg - South Africa’s producer inflation, which represents domestic output, slowed to 7.2% year-on-year (y/y) in March from 8.3% in February, Statistics South Africa said on Thursday. read more
March Producer Pride Index seen at 7.9%

March Producer Pride Index seen at 7.9%

23/04/2012 - 14:29
SA's producer price index is expected to clock in at 7.9% year on year in March from 8.3% in February read more
Less pressure for rates rise as CPI slows

Less pressure for rates rise as CPI slows

23/03/2012 - 07:33
Johannesburg - South Africa’s targeted consumer inflation slowed unexpectedly in February, data showed on Thursday, suggesting price pressures that have pushed it above the Reserve Bank’s target are ebbing and giving the bank leeway to keep interest rates on hold. read more
January retail trade growth seen at 7.5% y/y

January retail trade growth seen at 7.5% y/y

13/03/2012 - 08:37
Growth in SA's retail trade sales at constant (2008) prices for January is expected to ring in at 7.5% year on year (y/y), from a y/y growth of 8.7% in December, according to a survey of leading economists by I-Net Bridge.  read more
SA growth seen quickening

SA growth seen quickening

29/02/2012 - 07:47
Johannesburg - South Africa’s economic growth is likely to have accelerated in the fourth quarter of last year, driven mainly by higher consumer demand boosted by lower interest rates, a Reuters poll showed on Monday. read more
Tiger Brands' underlying assumptions for update

Tiger Brands' underlying assumptions for update

20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.  read more
Retail sales in pre-festive season slump

Retail sales in pre-festive season slump

19/01/2012 - 12:45
Johannesburg - Growth in South Africa’s retail sales slowed to 6.8% year-on-year (y/y) at constant prices in November from a revised 7.5% in October, Statistics South Africa said on Wednesday.  read more
OECD says SA may have to cut rates

OECD says SA may have to cut rates

29/11/2011 - 07:45
Johannesburg - The South African Reserve Bank may need to ease interest rates further if demand growth continues to disappoint, the Organisation for Economic Cooperation and Development (OECD) said on Monday. read more
Massmart boasts 15.2% sales growth

Massmart boasts 15.2% sales growth

25/11/2011 - 09:31
Johannesburg - Retailer Massmart Holdings [JSE:MSM] reported at its annual general meeting on Wednesday that for the first 21 weeks of the 2011 financial year total sales growth was 15.2% and comparable sales growth 8.8%, with year-to-date sales inflation running at 0.8%.  read more
Retail sales growth unlikely to alter rate outlook

Retail sales growth unlikely to alter rate outlook

17/11/2011 - 11:06
Retail sales growth which continues to surprise on the upside is unlikely to alter the interest rate outlook, with rates likely to remain unchanged at 36-year lows until the fourth quarter of 2012 at least, according to economists. read more