The South African Reserve Bank (SARB) is set to implement a new way of measuring and forcasting interest rates.
The South African Reserve Bank said that enhancements to its quarterly projection model delivered more accurate forecasts of its benchmark interest rate and various measures of inflation.
“This is particularly true for headline inflation, core goods inflation, food inflation and the repo rate,” the study said. The accuracy of gross domestic product growth forecasts was relatively unchanged, according to the paper. That’s as higher borrowing costs led to exchange-rate appreciation and a slowdown in real economic activity, it said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Milisuthando - a Powerful Documentary That Will Get South Africans Talking About IdentityAnalysis - Milisuthando is a debut feature length documentary film by Milisuthando Bongela. Taking the form of a personal essay, it's an intimate story about family and ancestors, about "inside apartheid's experiment" and negotiating the complex world of post-apartheid South Africa.
Read more »
Busisiwe Mkhwebane says her strange Reserve Bank order, which she said was an order, wasn’t an order | News24Suspended Public Protector Busisiwe Mkhwebane says it is 'mere coincidence' that one of the alleged 'economic experts' she consulted over her unlawful order that Parliament amend the Reserve Bank’s mandate 'happened' to work for the State Security Agency.
Read more »
China's central bank cuts two benchmark interest ratesChina's central bank cut two benchmark interest rates, following several similar measures in recent days in a bid to counter the post-Covid growth slowdown.
Read more »
Why cash in the bank is badIn this episode, Justin Harrison talks to a 16-year-old hustler who has dropped out of school to pursue entrepreneurship and tackles his questions around personal finance and investing. From credit cards to saving money in the bank, and understanding hard assets, Justin explains why cash in the bank is not only risky but also irrational from an investment perspective. This is a must-listen episode as it provides massively useful information for anyone of any age that is looking to pursue wealth.
Read more »
Banking crisis: Is my investment at the bank safe?[READER QUESTION] 'How safe is my investment in FNB’s Money Maximiser, in light of the banking crisis?' Jonathan Braans from NFBwealth replies. Moneyweb Investments
Read more »