A potential interest rate hike, inflation statistics for April and retail trade sales for March will be in focus on the economic front this week, with the South African Reserve Bank expected to raise interest rates for the fourth consecutive meeting.
Earlier in the month the US central bank announced that the target range for the federal funds rate — the benchmark for most interest rates — would increase by 50 basis points from 0% to 0.50% to the new target range of 0.75% to 1.00%. say the probability of a 50 bps hike is materially high and according to the bank’s Taylor rule analysis, interest rates should have been hiked by more so far, relative to what the central bank has delivered.suggests how central banks should change interest rates to account for inflation and other economic conditions.
It's about to get hard bafethu kanti senzen
CoruscaKhaya Safa!
SA economy is no where near full employment or at full capacity. Really don’t need such an aggressive move
Mara y