TITLE

A Further 50bps Interest Rate Rise Likely In June

PUB. DATE
June 2008
SOURCE
Africa Monitor: Southern Africa;Jun2008, Vol. 13 Issue 6, p2
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an economic outlook for South Africa for 2008. The South African Reserve Bank (SARB) is forecasted to increase interest rates from 50 basis points (bps) to 12.00 percent at its next Monetary Policy Council (MPC) meeting in June. Food and commodity prices will continue to increase, while the electric rate is projected to increase by 53 percent in July. Real gross domestic product (GDP) growth is estimated to increase by 3.7 percent.
ACCESSION #
32168822

 

Related Articles

  • A Further Rate Hike Likely In Store.  // Africa Monitor: Southern Africa;Dec2007, Vol. 12 Issue 12, p1 

    The article reports on the increase of consumer price inflation index (CPIX) in South Africa in 2007. It is inferred that the increase of CPIX by 6.7% year-on-year (y-o-y) in September was significantly above the South African Reserve Bank's (SARB) inflation target band of 3 to 6%. The author...

  • Monetary Tightening To Weigh on Growth.  // Africa Monitor: Southern Africa;Jan2008, Vol. 13 Issue 1, p4 

    The article reports on the economic outlook for 2007 in South Africa. It states that the growth figures indicate that the country's economy maintains a greater momentum than initially expected, with the third quarter real gross domestic product growth coming in at a robust 5.1% year-on-year....

  • Structural Constraints To Curb Long-Term Growth.  // Africa Monitor: Southern Africa;Dec2008, Vol. 13 Issue 12, p1 

    The article forecasts the economic condition of South Africa from 2008-20017. The real gross domestic product (GDP) growth of the country is expected to increase by 3.8%, while South African Reserve Bank (SARB) is projected to cut interest rates from 12% to 8%. However, the ongoing structural...

  • COMMENT. Counihan, Gillian // Finweek;6/7/2007, p72 

    The article focuses on the status of the economy of South Africa for the first quarter of 2007. Real gross domestic product (GDP) growth was lower than expected at 4.7 percent against 5.6 percent for the final quarter of 2006. Consumer price index inflation increased from 6.1 percent in March to...

  • Tourism Business Environment Ratings.  // South Africa Tourism Report;Q3 2008, p31 

    The article reports on the tourism business environment ratings in South Africa. One key business environment issue remains the interest rates and any further increases in interest rates by the South African Reserve Bank are likely to hit investment plans and private sector spending....

  • Tepid Growth Ahead.  // Africa Monitor: Southern Africa;Mar2014, Vol. 19 Issue 3, p3 

    The article focuses on the economic condition of South Africa in 2014 and provides forecast on its economic growth in 2015. Topics discussed include the expectation on a weak real gross domestic product (GDP) growth that the country will experience over the medium term, the country's consumer...

  • Slow recovery begins. Steyn, Greta // Finweek;12/3/2009, p10 

    The article presents an overview and forecast on the economy of South Africa (SA) for 2009 and 2010. SA's gross domestic product (GDP) recovered from consecutive negative growth, rising 0.9% in the third quarter of 2009. It cites that the growth of the South African Reserve Bank's leading...

  • A good story to tell.  // Finweek;9/21/2006, Special section p10 

    The article focuses on the economic growth in South Africa. South African Reserve Bank maintained the consumer inflation rate of 3% to 6%, the gross domestic product increased 4,9% annually and consumer confidence remained strong. The bank and its researchers adopt a strong interest in research...

  • South Africa: IRS And FRA Markets Become More Hawkish.  // Emerging Markets Monitor;6/26/2006, Vol. 12 Issue 12, p21 

    Offers a look at the derivatives market in South Africa. Increase in the 5-year Interest Rate Swap as of July 2006; Projected interest rate hikes from South African Reserve Bank; Expected increase in Consumer Price Index in the country in May 2006.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics