WATCH: SA Reserve Bank keeps interest rates unchanged
Recent monthly inflation has been lower than the mid-point of the inflation target range, as owners equivalent rent, food and services inflation remain subdued.”
food price inflation continues to surprise to the downside on a monthly basis, and is expected to peak at about 6.1% in the third quarter of 2020.
Kganyago said.
Sarb’s MPC met for the last time in 2019 today, and was largely seen keeping benchmark lending rates on hold again at 6.5%, with a weak growth outlook trumping inflation well within the bank’s target of 4.5%, ahead of the decision.
The forecast for core inflation is lower at 4.2% in 2019 (down from 4.3%), at 4.5% in 2020 (down from 4.7%) and remains steady at 4.6% in 2021. pic.twitter.com/8qAndgS689
— SA Reserve Bank (@SAReserveBank)
November 21, 2019
The forecast for core inflation is lower at 4.2% in 2019 (down from 4.3%), at 4.5% in 2020 (down from 4.7%) and remains steady at 4.6% in 2021. pic.twitter.com/8qAndgS689
— SA Reserve Bank (@SAReserveBank)
November 21, 2019
The forecast of GDP growth for 2019 is revised lower at 0.5% (from 0.6%). The forecasts for 2020 and 2021 have decreased to 1.4% (from 1.5%) and 1.7% (from 1.8%), respectively. pic.twitter.com/NR0PfNeNsC
— SA Reserve Bank (@SAReserveBank)
November 21, 2019
Source: iol.co.za