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SOUTH AFRICA

SAGBs Cap Off a Firmer Week, CPI in Focus

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Week Ahead (2/3): MPC appearances this week

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  • Fitch has raised the forecast for Russia's GDP growth in 2021 to 4.4% from 4.3%, 2.6% in 2022 & 2% in 2023.
  • Industry and construction sectors are expected to boost economic growth, while services has been be hit the most by the pandemic.
  • Inflation is estimated at 8% in 2021, 4.4% in 2022 and 4% in 2023.
  • The CBR is expected to raise the key rate to 8.25% in December 2021, cut it to 7% by the end of 2022 and to 5.5% by the end of 2023. - Prime