Back to all articles

Monthly Market Highlights – November 2023

March 2023 Monthly Snapshot
| Investments, Market Forces

South Africa’s repo rate remains paused at 8.25%, ensuring no interest rate hike during the festive season. Despite maintaining rates, the central bank hinted at potential repo rate cuts in Q2 or later months of 2024. In October, annual consumer inflation rose to 5.9%, marking the third consecutive monthly increase from 5.4% in September. However, this is still within the SARB’s 3-6% target range. SA’s unemployment rate declined to 31.9% in Q3 2023, reaching below 32% for the first time since Q3 2020, when it was at 30.8%, according to Stats SA.

Inflation in the United States, United Kingdom, China and the Eurozone eased in October. Despite inflation easing in the Eurozone, European Union executives cut the growth forecast for 2023 to 0.6% from 0.8%. In China, consumer prices fell 0.10% in October, contrasting with September’s 0.20% increase and below market expectations.

 

Click here to download the full PDF

Show Comments

Comments are closed.

Forex rates by TradingView