Head Topics

Reserve Bank’s Chris Loewald sees room to ease

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

Inflation trajectory is moderate, says Loewald

Inflation near the bottom of its target range has given the Reserve Bank space to offer more support to an economy reeling from the Covid-19 pandemic, according to Chris Loewald, the Bank’s head of economic research.

His comments came just over a week before the start of the Bank’s next monetary policy meeting and on the eve of a data release from Stats SA that some economists said may show an economic contraction of about 50% in the second quarter.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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:

 /  🏆 12. 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 has policy space to cut interest rates, official saysThe Bank has cut the repo rate by 300 basis points so far in 2020 as inflation declined
Source: BDliveSA - 🏆 12. / 63 Read more »

Reserve Bank has policy space to cut interest rates, official saysThe Bank has cut the repo rate by 300 basis points so far in 2020 as inflation declined
Source: BDliveSA - 🏆 12. / 63 Read more »

Kganyago says SA and African peers need to make tough fiscal choices to avoid unsustainable debtsReserve Bank governor says SA needs a significant fiscal adjustment and strong structural reforms to minimise the impact of the downturn
Source: BDliveSA - 🏆 12. / 63 Read more »

Businesses target local tourists as borders remain closedFollowing a five-month lockdown, South Africa is easing domestic travel restrictions, allowing hotels to reopen.
Source: eNCA - 🏆 49. / 51 Read more »

Central bank purchase of local bonds slows in AugustThe decrease is in line with a drop off in purchases that began in June, as market conditions have eased
Source: BDliveSA - 🏆 12. / 63 Read more »

Southgate boots Greenwood and Foden out of England squad after quarantine breach.England manager Gareth Southgate said both Phil Foden and Mason Greenwood will play no part in Tuesday's Nations League game in Denmark after breaching Covid19 protocols in Iceland. | IOLsport
Source: IOL - 🏆 46. / 51 Read more »