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 ...
·over 4 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...
·over 4 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%.
·7 months 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...
·about 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...
·about 2 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. ...
·about 2 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
·10 months 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.
·3 months ago