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EUROZONE ISSUANCE

EGB Supply for W/C Aug 2

EUROSTOXX50 TECHS

(U1) Bullish Focus

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Aug 2, 2021

BTP TECHS

(U1) Bulls Remain In Charge

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The SARB is expected to keep its key rate on hold at 3.5% this week, with inflation still relatively well contained within the bank's 3-6% range. While supply-side risks from socio-economic unrest may have sparked concerns of expedited policy normalisation, we expect Governor Kganyago to retain his focus on medium-term disinflationary factors and await further confirmation in the data before denting SA's recovery potential by reactively hiking policy rates.


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SARB Preview 19.07.21.pdf