Reserve Bank expected to keep interest rates on hold

  • 📰 eNCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Moody's is set to review the country's credit rating on Friday.

“There is a risk that there could be a credit downgrade, but to some extent the market has priced that,” said Remi Olu-Pitan, a fund manager at Schroders.Another ratings downgrade on the cards for SA

Miyelani Maluleke, an economist at Absa expects Moody’s to be accommodating and keep our rating unchanged. “We do think there is a high chance they may change the outlook which is currently on stable to negative," said Maluleke.There's the petrol price hike due in April and the increase in electricity prices in June.Source

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank likely to keep interest rates unchangedThe central bank's anticipated decision not to hike interest rates will come as a relief to cash-strapped consumers who are battling with increases in fuel and several other costs
Source: BDliveSA - 🏆 12. / 63 Read more »

Is resolute Lesetja Kganyago about to make a rate cut?With growth now in a rather precarious position in light of recent weeks' loadshedding, some commentators have raised the spectre of another surprise rate cut this week by the Reserve Bank.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Discovery Bank set to challenge Capitec on interestDiscovery Bank is hoping to shake up the local banking sector by offering a decent interest rate on transactional account balances, by JustinBrownSA
Source: City_Press - 🏆 7. / 72 Read more »

Discovery Bank unveils more details of what it will offerDiscovery Bank on Monday unveiled more details to the public about what it will offer including what its fee structures will be like and would sort of bank accounts it will provide.
Source: City_Press - 🏆 7. / 72 Read more »

Eskom to borrow money from Chinese Development Bank - NUMGovernment has given Eskom a R69 billion bailout while it struggles to pay off its debt of over R420 billion. And hopefully the Chinese takeover when Eskom can't repay the loan. The Chinese have the skills and the expertise to run organizations successfully. Corrections. Chinese development bank to buy stake in eskom. Govenment bonds with conversion option. Electricity bill is about to shoot up How many loans have been taken from China..this is scary..
Source: ewnupdates - 🏆 30. / 53 Read more »

Brics bank on verge of issuing rand bondsThe New Development Bank awaits regulatory approvals for the local currency bonds
Source: BDliveSA - 🏆 12. / 63 Read more »

New Development Bank: R11bn loan to help Eskom improve capacity challengesThe parastatal's ailing infrastructure has set the scene for the country’s worst controlled power outages with stage 4 load shedding going on its sixth consecutive day. Wow 😂 Loan? 😂😂😂🙆🏻‍♀️ Will Eskom be able to pay for all this loans they are making, if not what will happen to Eskom SA problems are far from finishing.
Source: ewnupdates - 🏆 30. / 53 Read more »

Gas project has potential to transform Mozambican economy, bank findsThe first phase of Exxonmobil’s project could attract $32bn in investment and contribute $18bn to GDP
Source: BDliveSA - 🏆 12. / 63 Read more »

David Hodnett returns to Standard BankHodnett will succeed the retiring Neil Surgey as chief risk officer from June 1
Source: BDliveSA - 🏆 12. / 63 Read more »

Sifiso Skenjana: Standard Bank, SABC and more – why SA must mind the labour force gapStandard Bank and ABSA are not alone in facing possible retrenchments, and SA must plan its response, says Sifiso Skenjana.
Source: News24 - 🏆 4. / 80 Read more »