Traders maintain bets on rate rise in 2020 as September inflation jumps

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 22%
  • Publisher: 63%

Forward-rate agreements show Reserve Bank could hike rate by as much as 50 basis points after consumer prices rise to four-month high

South Africa Latest News, South Africa Headlines

Traders held bets that SA’s central bank will increase interest rates this year after inflation quickened to a four-month high in September.

Data from Stats SA shows the annual inflation rate climbed to 5%, from 4.9% in August. That matched the median estimate of 14 economists in a Bloomberg survey. Consumer prices advanced 4.8% in the third quarter, in line with the Bank’s forecast. The main drivers of the prices rises were food and non-alcoholic beverages, transport, housing and utilities, Stats SA said. Core inflation, which excludes the prices of food, non-alcoholic drinks, fuel and electricity, remained benign, suggesting there is little demand pressure in an economy that’s slowly recovering from its deepest contraction in at least 27 years.

The misalignment between market pricing and economists’ expectations illustrates the dilemma facing central banks. Policymakers worldwide are debating whether faster inflation linked to pandemic-induced supply-chain disruptions is transient or something more persistent.

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Dennismayson9 you're the greatest I've seen so far and I'm happy I didn't lose this opportunity, I'll continue to testify about your amazing platform and how you've changed my life for good 🙏

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

SA launches investment campaign at Expo 2020 DubaiSA takes investment drive to Middle East for six-month trade show
Source: BDliveSA - 🏆 12. / 63 Read more »

‘Catastrophic’ rise in petrol prices pushes up SA inflation | CitypressAnalysts expect South Africa’s September consumer price inflation (CPI) to accelerate to either 5% or 5.1% from the 4.9% August inflation rate. Who must we blame? Zuma, Ramaphosa, The ANC or the Pandemic? My encounter with Geoffreypreud actually change my life and for that I'll keep upgrading people for his good job thanks once again Geoffrey Lion_For_Truth We re getting closer and closed to a FAILED STATE. SHITHOLE COUNTRY Trump was right VERMIN RULE US.
Source: City_Press - 🏆 7. / 72 Read more »

World stocks advance to one-month highBond yields ease while technology shares and optimism about company earnings offset inflation concerns
Source: BDliveSA - 🏆 12. / 63 Read more »

‘Squid Game’ ramps up Netflix’s overseas growthMegahit gives investors reason to bet on streaming giant’s plans I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you shantelll_142 for transparency and trust. Words alone won’t express how thankful I am 💐, I'm recommending you all to you shantelll_142 .....,investing with shantelll_142 has been a good opportunity for me and my family I just received my profit of $5000 within 7 days of investment with the help of shantelll_142
Source: BDliveSA - 🏆 12. / 63 Read more »

‘Squid Game’ ramps up Netflix’s overseas growthMegahit gives investors reason to bet on streaming giant’s plans 𝐈 𝐬𝐭𝐚𝐫𝐭𝐞𝐝 𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐚𝐲 𝐈 𝐭𝐨𝐨𝐤 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐚𝐠𝐞 𝐭𝐨 𝐠𝐢𝐯𝐞 𝐚 𝐭𝐫ial with Renee_tasker 𝐚𝐧𝐝 ever since then I have not had any issues of scam all thanks to Renee_tasker 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥.
Source: BDliveSA - 🏆 12. / 63 Read more »