Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.
The Monetary Policy Committee (MPC) has unanimously decided to keep the repurchase rate unchanged at 6.5% per annum.
In January 2018, the FNB House Price Index showed a slowing in year-on-year growth compared with the revised December 2017 rate.
In January 2018, the FNB House Price Index showed a slowing in year-on-year growth compared with the revised December 2017 rate. This comes after some prior months of accelerating year-on-year growth.
The repo rate will remain unchanged at 6.75% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday.
SARB leaves Repo Rate unchanged after only 1 x 25 basis point cut in the current cutting cycle. Weak consumer confidence likely to remain, and shift to a more cautious consumer expected to continue says John Loos, Household and Property Sector Strategist.
South Africa’s inflation has been forecast to dip to 6.4% for the remainder of 2016, National Treasury said on Wednesday.
The November CPI (Consumer Price Index) inflation rate edged slightly higher, from 4.7% year-on-year in the previous month to 4.8%.
The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday.
Fortress Income Fund expects its combined dividend for the full year ended June 30 2015 to rise by between 19% and 21%.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.