The concern about a sustained rise in inflation, and therefore a rise in global interest rates, ultimately forcing the SA Reserve Bank to hike its policy repurchase rate should subside after the US Federal Reserve kept its target monetary policy interest rates unchanged between zero and 0.25% on Wednesday.

The Fed also left its asset purchase programme unchanged, committing to purchase at least $120bn on a monthly basis. That aside, the Fed now appears backward-looking in its monetary policy implementation, and this might have implications for the rest of the world’s monetary policy response function...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.