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MNI SARB Preview - January 2023: Close Call Between 25bp & 50bp Hike

South Africa's central bank is expected to slow the pace of monetary tightening, with this week's decision seen as a close call between 25bp and 50bp rate rise.

Executive Summary

  • The South African Reserve Bank are expected to reduce the pace of monetary tightening this week from November's 75bp.
  • Key measures of headline and core inflation eased in December but inflation expectations remain elevated.
  • Consensus is split between 25bp and 50bp rate hike, with the decision seen as a close call between the two scenarios.
Full preview including summary of sell-side views here:

MNI SARB Preview - January 23.pdf

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Executive Summary

  • The South African Reserve Bank are expected to reduce the pace of monetary tightening this week from November's 75bp.
  • Key measures of headline and core inflation eased in December but inflation expectations remain elevated.
  • Consensus is split between 25bp and 50bp rate hike, with the decision seen as a close call between the two scenarios.
Full preview including summary of sell-side views here:

MNI SARB Preview - January 23.pdf

Keep reading...Show less