SA Reserve BankOvjeren akaunt

@SAReserveBank

The purpose of the South African Reserve Bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth

Pretoria, South Africa
Vrijeme pridruživanja: rujan 2011.

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  1. [IN PICTURES] Members of the SARB today trained South African Police Service officers on Banknotes security features at Boschpoort SAPS Academy.

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  2. proslijedio/la je Tweet
    22. sij

    Don’t discount SA’s structural reforms so far: Lesetja Kganyago .

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  3. [WATCH] As a small open economy, we don’t have the problem that the developed world has where monetary policy is at the zero lower- bound, we have the flexibility to do things -

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  4. [WATCH] Governor speaking to about economic prospects for at the in

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  5. To view the full MPC statement, click here

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  6. The MPC decided to reduce the repurchase rate by 25 basis points to 6.25% per annum.

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  7. Implementation of prudent macroeconomic policies and structural reforms that lower costs & increase investment, potential growth and job creation remains urgent -

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  8. The MPC assesses the risks to the growth forecast to be on the downside -

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  9. The forecast of GDP growth for 2019 is revised lower to 0.4% (from 0.5%). The forecasts for 2020 & 2021 have also decreased to 1.2% (from 1.4%) and 1.6% (from 1.7%), respectively, due to lower growth than previously expected in Q 3 & 4. The GDP forecast for 2022 is 1.9%.

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  10. While the rand has benefited from improvements in global sentiment, high long term bond yields reflect concerns about domestic growth prospects -

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  11. The forecast for core inflation for 2019 is unchanged at 4.2%, is 4.3% in 2020 (down from 4.5%) and 4.4% in 2021 (down from 4.6%). The Bank’s forecast for core inflation for 2022 is 4.5%.

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  12. Headline CPI inflation is now expected to peak at 4.9% in the final quarter of 2020 and settle at 4.5% in the third quarter of 2021 (one quarter earlier).

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  13. [WATCH LIVE] Governor is delivering the MPC statement. Watch it live on Facebook, here: or YouTube, here:

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  14. [WATCH LIVE] Governor will deliver the MPC statement at 3pm this afternoon. Watch proceedings live on Facebook, here: or YouTube, here:

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  15. [FYI] The South African Reserve Bank does not buy back circulation coins.

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  16. You can access the SARB Quarterly Bulletin for December 2019 here: or download the SARB mobile app for access to current & historical Quarterly Bulletin publications

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  17. Consumer food price inflation accelerated gradually from 2.3% in April 2019 to 3.5% in October.

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  18. South Africa’s official unemployment rate increased further to 29.1% in 2019 Q3 – the highest rate since the inception of the QLFS in 2008.

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  19. Growth in real household consumption expenditure slowed sharply from 2.6% in 2019 Q2 to 0.2% in Q3.

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  20. Real GDP growth in South Africa contracted by 0.6% in 2019 Q3, following a notable rebound of 3.2% in the previous quarter.

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