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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.
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Executive Summary
- The SARB is broadly expected to raise its repo rate by 25bps this week to 4.25%, with the MPC acknowledging policy’s inability to mitigate the effects of exogenous energy shocks by accelerating the pace of tightening.
- Governor Kganyago is likely to deliver hawkish inflation forecast updates due to the ongoing crisis in Ukraine, but may err on the side of caution in terms of hobbling the nascent recovery with larger hikes at this juncture.
- Analysts anticipate that headline CPI could rise to just shy of 7% Y/Y in March/April, but maintain an average rate of 5.7-6.2% in 2022.
- The MPC vote will be key in determining any prospect of future accelerations with some analysts seeing potential for one dissenting +50bp vote.
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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