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SARB Keeps Rates Unchanged as Expected, S/T CPI Risks to the Upside

SOUTH AFRICA
  • SOUTH AFRICA LEAVES BENCHMARK RATE AT 3.5%; EST. 3.50%
  • SOUTH AFRICA MPC DECISION TO HOLD KEY RATE WAS UNANIMOUS
  • S. AFRICA SARB SEES RAND, WAGES, IMPORT TARIFFS AS CPI RISKS
  • S. AFRICA SARB SEES UPSIDE RISK TO S/T CPI OUTLOOK
  • S. AFRICA SARB SEES ECONOMY CONTRACTING 1.2% IN 3Q
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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