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MNI SARB Preview May 2021 - POV: SARB Unchanged at 3.5%, CPI Risks Balanced

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SARB Meeting Due 20/05/21 - 1400BST/1500CEST/0900ET

Against the trend of rising inflation and interest rates across EM Central Banks, the SARB is expected to keep its key rate unchanged at 3.5% as broadly balanced price dynamics continue to create space for an accommodative SARB reaction function. Despite the expected uptick in April CPI, the SARB is expected to look through transitory near-term price pressures to focus on the medium-term disinflationary trajectory - limiting scope for policy tightening in 2021.

Full Preview Here:

SARB Preview 18.05.21.pdf

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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