Head Topics

Statement of the Monetary Policy Committee

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 18 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 59%
  • Publisher: 77%

Economy News

Monetary Policy Committee,Inflation,Economic Growth

As we approach the end of the year, easing headline inflation and modest economic growth remain the dominant global economic trends of this past year. Output in the Euro Area is poor, while the robust growth seen in North America is likely to moderate. China’s growth performance is still weak, with few benefits for global commodity prices. Across most regions, monetary policy will continue to focus on achieving inflation targets, while high debt levels will require fiscal consolidation efforts. In the developing world, financing conditions are expected to remain tight and growth moderate. The longer-term economic outlook however, remains uncertain. Weaker household consumption and falling property prices may drag on growth for a sustained period. Climate change and geopolitical tensions threaten supply chains, output and prices.

As we approach the end of the year, easing headline inflation and modest economic growth remain the dominant global economic trends of this past year. Output in the Euro Area is poor, while the robust growth seen in North America is likely to moderate. China ’s growth performance is still weak, with few benefits for global commodity prices . Across most regions, monetary policy will continue to focus on achieving inflation targets, while high debt levels will require fiscal consolidation efforts.

In the developing world, financing conditions are expected to remain tight and growth moderate. The longer-term economic outlook however, remains uncertain. Weaker household consumption and falling property prices may drag on growth for a sustained period. Climate change and geopolitical tensions threaten supply chains, output and prices

Source: Energy Industry News (energyindustrynews.net)

Monetary Policy Committee Inflation Economic Growth Euro Area North America China Commodity Prices Fiscal Consolidation Developing World Financing Conditions Household Consumption Property Prices Climate Change Geopolitical Tensions

 

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:

 /  🏆 5. 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.

Accommodative Sarb monetary policy won’t address growth, unemployment: RamaphosaThe president in his final question-and-answer session for 2023 on Thursday, said the Sout African Reserve Bank considers several factors when it decides to increase interest rates to quell inflation.
Source: ewnupdates - 🏆 30. / 53 Read more »

Finance Minister's Medium-Term Budget Policy Statement and Municipalities‘How is it that we care; or do we all just establish a no care attitude, and everything just goes downhill faster. Have you walked into your local mayor's office and said, I'm a concerned citizen of this community and I would like to help,’ says Roelie van Reenen, supply chain executive at the Beefmaster Group.
Source: Moneyweb - 🏆 5. / 77 Read more »

WATCH LIVE: Medium-Term Budget Policy StatementFinance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement and is expected to announce the fate of the SRD grant.
Source: TheSAnews - 🏆 25. / 59 Read more »

WATCH LIVE: Godongwana delivers Medium-Term Budget Policy StatementFinance Minister Enoch Godongwana is tabling the Medium-Term Budget Policy Statement (MTBPS) in Parliament on 1 November 2023.
Source: ewnupdates - 🏆 30. / 53 Read more »

Budget policy statement: The highs and lows of what’s to comeThese are the most important takeaways from the Medium-Term Budget Policy Statement.
Source: BoksburgNews - 🏆 40. / 51 Read more »

South Africa: Minister Enoch Godongwana - Medium Term Budget Policy StatementDocument - Medium Term Budget Policy Statement; 1 November 2023
Source: allafrica - 🏆 1. / 99 Read more »