BOC: INFLATION INCREASINGLY LOOKS ON WAY BACK TO TARGET

CANADA MOVING TO IMPOSE TARIFFS ON CHINESE EVS

GOOLSBEE SAYS MONETARY POLICY IS QUITE RESTRICTIVE

MNI China Daily Summary: Monday, June 24

MNI BRIEF: China Urges Removal Of Car Buying Restrictions

MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

EZ/UK Bond Supply Calendar: Finland Synd; Italy, UK Due Tuesday

Weekly Index Suggests Slight Growth Slowdown

MNI: BELGIUM JUN BNB BUSINESS SURVEY -11.1

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

S. Africa's Headline Inflation Slows To +5.1% Y/Y In December

SOUTH AFRICA

South Africa's December CPI data have crossed the wires, with headline inflation printing marginally below the median forecast in a Bloomberg survey.

  • Headline CPI +5.1% Y/Y (BBG est. +5.2%)
  • Headline CPI 0.0% M/M (BBG est. +0.1%)
  • Core CPI +4.5% Y/Y (BBG est. +4.5%)
  • Core CPI +0.2% M/M (BBG est. +0.3%)
  • Spot USD/ZAR has extended losses on the release of the data, printing a fresh intraday low at 18.8913 (note that the rate often shows some volatility around 08:00GMT)
  • SAGB yields have slipped further, albeit they have already been under pressure amid firmer US Tsys. South African FRAs have ticked lower, but hold familiar ranges.
  • Reminder that the SARB will announce its monetary policy decision tomorrow. The central bank targets inflation of +3%-6% Y/Y but the current MPC prefers to anchor it around the mid-point of that range.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.