President Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectively re-ignited the emotive issue. This ...
·almost 5 years ago
Countries that use an inflation target to anchor monetary policy pay considerable attention to expectations of future inflation.South Africa is a case in point. The country has an inflation target of 3% to 6% per annum, with a particular...
·almost 5 years ago
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%.
·about 1 year ago
Although July 2021 consumer food price inflation of 7% y/y is unchanged from the previous month, there are clear signs in the underlying details that pressures are beginning to moderate. We are seeing a similar trend in the global market...
·over 2 years ago
When South Africa’s president, Cyril Ramaphosa, addressed the nation on July 12 amid violence and destruction of property in parts of KwaZulu-Natal and Gauteng provinces, he warned of several risks if the situation was not resolved swift...
·almost 3 years ago
The International Monetary Fund (IMF) gives loans to countries in economic trouble. In exchange, countries must implement a programme of painful policy reforms. Countries rarely complete these programmes. We set out to uncover why. ...
·almost 3 years ago
A stronger dollar tightens trade financing conditions, constraining access to financing for firms. This offsets any improvement in export competitiveness, further dampening foreign trade
·over 1 year ago
Stats SA has published the latest inflation figures for South Africa, showing that the inflation rate cooled from 6.3% in May to 5.4% in June 2023.
·9 months ago
The annual consumer price inflation has risen to 5.3% in January 2024 from 5.1% in December last year, becoming the first jump after two-consecutive months of moderation.
·about 2 months ago