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EMERGING MARKETS: SARB Expected to Initiate Policy Easing Next Week

EMERGING MARKETS
  • South Africa (Thur) - The SARB is expected to deliver the first rate cut of the cycle, just a day after the release of local inflation data and the Fed's monetary policy decision. A cut in the US would make it easier for South African policymakers to follow suit, but domestic inflation dropping close to the +4.5% Y/Y target mid-point and moderating inflation expectations could also be cited to support looser policy.

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