News Leader is broadcast daily on BDTV
WATCH: Lesetja Kganyago warns of rough road ahead for SA
24 November 2017 - 10:39
Reserve Bank governor Lesetja Kganyago, has warned that three interest rate increases of 25 basis points each are likely to be announced by the end of 2019. Meanwhile, the Bank has kept its inflation outlook at 5.3% for this year and upped its forecasts for 2018 and 2019 slightly, citing the weaker rand and rising global oil prices. Kganyago said the economic policy implications of the ANC electoral conference in December would weigh on the local unit as well as credit rating reviews. Alishia Seckam and her panel of experts discuss the monetary policy committee’s latest rate announcement.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.