JSE weaker as markets await policy announcement by Sarb and ECB
Analysts expect a 75 bps interest rate hike by the Reserve Bank as it struggles to contain ‘ballooning’ inflation
21 July 2022 - 11:04
The JSE was weaker on Thursday morning, with its global peers mixed, with investor focus turning to policy decisions by the European Central Bank (ECB) and the SA Reserve Bank (Sarb).
Local consumer inflation jumped to 7.4% year on year in June, data showed on Wednesday, 0.2 percentage points (pps) more than expected, and the 14th consecutive month that it has been above the 4.5% midpoint of the Reserve Bank’s target range...
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.