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MNI SARB Review - July 2024: Rates On Hold After Split Decision

The SARB left the repo rate unchanged and said that the inflation outlook has improved somewhat, even as the risks are skewed to the upside.

Executive Summary:

  • The SARB left the repo rate unchanged at 8.25%.
  • Two dissenters cast their votes in favour of a 25bp cut.
  • The balance of inflation risks was assessed to the upside.

Full review including summary of sell-side views here:

MNI SARB Review - July 2024.pdf

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Executive Summary:

  • The SARB left the repo rate unchanged at 8.25%.
  • Two dissenters cast their votes in favour of a 25bp cut.
  • The balance of inflation risks was assessed to the upside.

Full review including summary of sell-side views here:

MNI SARB Review - July 2024.pdf

Keep reading...Show less