By Khanyisa Tabata
21 July 2011
Most economists expect the Reserve Bank to keep the repo rate steady at five-point-five-percent today.
This is despite Statistics SA’s announcement yesterday that the Consumer Price index had risen to five-percent last month.
Experts say above-inflation wage settlements, electricity tariff hikes and higher food prices are likely to push inflation up even higher in the coming months.
The expectation is nevertheless that the Monetary Policy Committee will try to support economic recovery with its rates announcement this afternoon.
Subscribe to:
Post Comments (Atom)
Alleged Platteklip Gorge arsonist arrested
One person has been arrested and charged with arson in connection with the fire around the Platteklip Gorge at Table Mountain National Park....
-
A man suspected of killing and raping a number of members of the farm worker community in Philippi on the Cape Flats appears in a Cape Town ...
-
''Human behaviour is the main cause of wildfires.'' These remarks were made by the Western Cape’s Local Government, Environm...
No comments:
Post a Comment