Reserve Bank unlikely to raise rates despite CPI hitting 30-month high

The SA Reserve Bank is likely to hold off on hiking interest rates in 2021 despite consumer inflation reaching a 30-month high in May. Most economists have said the spike in the gauge was due to prices normalising from unusually low levels in 2020.

That’s despite hawkish comments from Federal Reserve chair Jerome Powell last week that many interpreted as a signal that US rates may rise sooner than previously expected. Powell's comments prompted a sell-off in the rand that saw it retrace from stronger than R13.50/$ last week to about R14.18/$ on Wednesday...

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CPI rises to 30-month high in MayConsumer inflation has risen to a 30-month high, increasing to 5.2 percentage points in May. Thanks to the ANC
Source: eNCA - 🏆 49. / 51 Read more »

CPI rises to a 30-month high as sunflower oil, tomatoes & dried bean prices surge | CitypressAnnual consumer price inflation (CPI) hit a 30-month high in May, rising to 5.2% according to Statistics South Africa (Stats SA) which released consumer price index statistics on Wednesday. Cost of living going up, salary stuck😒😒 Tears grips my heart knowing how hard I’ve struggled to find a legit trader.I never wanted to do this but I’ll be guilty if I don’t share this good news to people sharon_trad is the best trader so far Thanks for helping me and i will forever be grateful to you sharon_trad Slightly alarmist - this is partly due to base effects in April, May, June last year. The index dropped in those months.
Source: City_Press - 🏆 7. / 72 Read more »

Consumer price inflation rises to 5.2% in May, a 30-month high | CitypressAnnual consumer price inflation (CPI) hit a 30-month high in May, rising to 5.2% according to Statistics South Africa (Stats SA) which released consumer price index statistics on Wednesday. No ways if you look at the food prices, who they try to BS. Now please explain how our official inflation rate is what? 3%? 5%? And the AfricanNationalCorruption lies to the country saying inflation is 5% VoetsekANC
Source: City_Press - 🏆 7. / 72 Read more »

Consumer inflation hits 30-month highThe acceleration in price growth is partly due to a ‘base effect’, where prices correct towards more usual levels after a prior period of decline 🔒 Thought as much 😥
Source: BDliveSA - 🏆 12. / 63 Read more »

Singaporean woman jailed for 30 years for 'horrific' torture, killing of Myanmar maidSingapore's high court sentenced a woman to 30 years in prison on Tuesday for killing her Myanmar maid after more than a year of abuse that included starving, torturing and beating her. This sounds like slavery. How is it happening today.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Singaporean woman jailed for 30 years for 'horrific' torture, killing of Myanmar maidSingapore's high court sentenced a woman to 30 years in prison on Tuesday for killing her Myanmar maid after more than a year of abuse that included starving, torturing and beating her.
Source: TimesLIVE - 🏆 28. / 59 Read more »