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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.
SOUTH AFRICA
23/09/21 - 1400BST/1500CEST/0900ET
The SARB is expected to keep its key rate unchanged at 3.50% this week, with inflation still broadly contained within the 3-6% target range on both a near and medium-term basis. This, alongside a muted aggregate demand impulse, structurally high unemployment and a fragile recovery narrative, informs our base case for the SARB to remain on hold out to 1Q22 and potentially beyond. The more interesting component of the meeting will be the SARB's assessment of GDP following the recent rebasing, and discussion of a possible shift to a narrower 3-4% inflation target, which has been well-received by analysts thus far.
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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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