ZARCNY ZAR/CNY
- 0.4043
- +0.0009+0.22%
ZAR/CNY News
Traders Boost Bets on South African Inflation Slowing to Target
Traders are increasingly betting that South African inflation will slow toward the midpoint of the range targeted by the country’s central bank, giving policymakers room to pivot to an interest-rate cutting cycle by the final quarter of the year.
State Administration of Foreign Exchange: in May, banks completed CNY 1.25 trillion in foreign exchange purchases, and CNY 1.36 trillion in foreign exchange sales.
On June 17, the State Administration of Foreign Exchange released the data for May 2024 on bank foreign exchange transactions and bank customers' foreign exchange payment and receipt.
The People's Bank of China has just released the latest figures! From January to May, new social financing amounted to 14.8 trillion yuan, a year-on-year increase of 7% for M2.
RMB loans increased by 11.14 trillion yuan in the first five months, while RMB deposits increased by 9 trillion yuan.
South African Central Bank Chief Vows to Deliver Low Inflation
South African Reserve Bank Governor Lesetja Kganyago said he and his fellow monetary policymakers will stick to their job of ensuring price stability, regardless of the political uncertainty caused by last week’s election.
National Bureau of Statistics: The official manufacturing PMI was 49.5% in May, and enterprise production continued to expand
The production and operation activities of enterprises have maintained the trend of resuming development
South African Central Bank Holds Rates in Shadow of Election
South Africa’s central bank left borrowing costs unchanged, delivering the widely expected verdict one day after the nation held pivotal elections.
South African Rand Loss Deepens as Producer Prices and Election Uncertainty Weigh
The South African rand fell further into the red during early European trade as producer price growth was said to have increased while early election results and uncertainty over the shape of a future government appeared to weigh on the currency.
South Africa to Stay Course on Rates Amid Election Noise
South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years.
Rand on Razor's Edge as South Africans Vote in Pivotal Election
The rand will be one of the few South African assets trading through the country’s general election Wednesday, as investor optimism that drove a five-week rally gives way to caution over the risk of a surprise outcome.
Godongwana Says to Stay as S. Africa Finance Minister If Asked
South African Finance Minister Enoch Godongwana said he is prepared to stay in his current role after the election and urged the country to choose stability over “chaos” by voting for the African National Congress.
South Africa Inflation Slows on Easing Food Prices
South Africa’s inflation rate fell for a second consecutive month as food costs eased.
South African Rand Shrugs Off Higher Unemployment and Falling Mining Production
The South African rand continued to pare earlier losses against the US dollar and other currencies in early European trade on Tuesday even after government data showed unemployment increased in April and mining production fell in March.
South Africa Unemployment Rises, Pressuring ANC Before Elections
South Africa’s first quarter unemployment rate rose to the highest level in a year, potentially hurting the ruling African National Congress’s efforts to convince voters of its ability to create jobs ahead of elections on May 29.
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
S.Africa Central Bank Has Two New CPI Gauges. Both Are Elevated
The South African Reserve Bank has developed two new measures to better understand underlying price pressures and both currently show elevated readings.
Africa's Economic Outlook Brightens Even as Price Remains High
Africa’s economic outlook has brightened but is facing risks that stretch from a resurgent dollar to deadly droughts that add to a “brutal cocktail” of shocks it has already endured, the IMF said.
South African Inflation Cools to Two-Month Low in March
South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs as the drop is expected to be short-lived because of rising oil prices.
Breaking: China's GDP Expands 5.3% YoY in Q1 2024 Vs. 5.0% Expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday.
China's New RMB Loans Hit 9.5 Trillion Yuan in Q1
China issued 9.46 trillion yuan of renminbi-denominated loans in the first quarter of 2024, according to data from the People's Bank of China on Friday. In 2023, China's first-quarter new yuan loans h
China Central Bank Keeps Key Policy Rates Steady
China's central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month. The People's Bank of China kept the one-year medium-term lendi