The rand was a touch softer against the dollar on Thursday, coming off the session’s highs after the central bank left rates unchanged despite a hawkish policy statement that had fuelled last minute expectations for a hike.
Governor Lesetja Kganyago … Read the rest
Less than four weeks after starting his new job, Panama’s President Juan Carlos Varela already has a serious challenge to deal with: empty grocery shelves.
Over the last five years, in fact, food prices have risen more than 24%.
Inflation … Read the rest
Treasury 30-year bonds dropped as investors bet on faster inflation even as Federal Reserve Chair Janet Yellen dismissed signs of rising consumer prices.
Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina says “Fed officials will … Read the rest
For years now, the collapse of the dollar has been in the cards. Recent developments show mounting pressure on the dollar’s reserve currency status. With a major international deflation going on, the threat of inflation through money printing is unreal. … Read the rest
October will see the highest single increase in the petrol price in SA and there is a possibility that it will go up again next month.
Chief economist at the Efficient Group Dawie Roodt said the increase was a record … Read the rest