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Ahead of Rate Decision, Growth, Inflation Forecasts Tweaked as Expected

SOUTH AFRICA
  • In the pre-rate decision statement, SARB acknowledge that headline inflation breached the top-end of the target range and is expected to remain above that level until Q2 next year.
  • They revise growth forecast to 2.0% for this year, up from 1.7% prior, with inflation projections upgraded for this year to 6.5% from 5.9% previously.
  • Presentation including rate decision itself has now begun.

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