Free Trial

SARB Release October Monetary Policy Review


Some selected highlights from the document:

  • Upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation.
  • Rise in oil prices, dry weather conditions and elevated inflation expectations were all negatively impacting the inflation outlook.
  • Current level of interest rates will be enough to steer inflation back to its targeted midpoint over a medium term.
  • Although domestic headline inflation has returned to within the target range over the past three months, its stabilisation at the target midpoint is not an accomplished fact.
  • Greater policy complementarities and the speedy implementation of structural reforms to ensure an adequate supply of energy, solve logistics challenges and reduce the impact of administered prices on inflation, would provide significant economic benefits, including a further deceleration of inflation.

See the full report here.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.