Free Trial

GS Continue to See Deeper Disinflation from Q4 Onwards

SOUTH AFRICA
  • Goldman Sachs write that their narrow core goods/services inflation measure slowed sequentially and declined in annual terms in today’s release. They expect headline inflation to remain in a 5.0-5.5%yoy range through August on the back of higher oil prices/weaker FX, but core inflation to decline further to the 4.5% target mid-point in the coming months.
  • They maintain their forecast for deeper disinflation to come through from Q4 onwards, as supply shocks fade and as the Rand stabilises.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.