Free Trial

SARB Decision to Hold Rates Unanimous

SOUTH AFRICA

Highlights from the policy statement:

  • The decision was unanimous.
  • At the current repurchase rate level, policy is restrictive, consistent with the inflation outlook and the need to address rising inflation expectations.
  • Serious upside risks to the inflation trajectory from global and domestic sources are evident and, as noted earlier, the economic outlook is highly uncertain.
  • While our baseline inflation forecast is of continued gradual moderation in global and domestic inflation, the risks to the outlook are still assessed to the upside.

See the full statement here.

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.