Projection Model News Today

Lesetja Kganyago says the rising interest rates won't put brakes on SA's economic recovery.

May 10, 2021 Will help the Reserve Bank of India in inflation management, says Ecowrap The large supply of dollars will ensure that rupee will appreciate from the current levels, and this could potentially play to the advantage of the Reserve Bank of India (RBI) in inflation management, according to State Bank of India’s economic research report Ecowrap. “The good thing is that given the prospects of higher domestic inflation, as supply disruptions mount, it is not doing any harm for the R...

Rupee appreciates on expectations of weak dollar, global risk sentiment May 10, 2021   The rupee could see an appreciating bias on expectations of a weak dollar and global risk sentiment, channelising the greenback towards high-yielding assets and keeping domestic financial markets supported, say experts. The domestic unit has appreciated about 60 paise vis-a-vis the dollar so far this month. It has strengthened from 73.95 per dollar on May 3 to 73.355 on May 10. Abhishek Goenka, Founder and...

Getty The bank says the SA Reserve Bank has no pressure to tighten its monetary policy. But the record-low interest rates are still not boosting banks lending activities. Absa expects interest rates to remain at current record lows at least for the next 12 months. Absa, which presented its economic outlook for the second quarter on Wednesday, said the SA Reserve Bank (SARB) has no reason to hike interest rates since there are no inflationary pressures and no pressing fiscal risks. Absa Group s...