TEST3, PLEASE IGNORE

TEST, PLEASE IGNORE

MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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

SARB Pauses Rate-Hike Cycle, DA Press Ahead With Court Case Re: ICC Arrest Warrants

SOUTH AFRICA
  • The SARB paused its longest monetary tightening cycle since 2006 while warning that risks to the inflation risks remain tilted to the upside. The central bank reaffirmed its readiness to resume interest-rate hikes should these upside risks materialise. Governor Lesetja Kganyago declared that the fight against inflation is still on and refused to confirm that the tightening cycle is over. The decision to stand pat on rates was made after a vote in which two dissenters called for a 25bp hike.
  • The Democratic Alliance (DA) said that it will continue seeking a court order forcing the government to enforce ICC arrest warrants, even as Russian President Vladimir Putin decided not to attend the upcoming BRICS summit in person. Meanwhile, the Department of International Relations and Cooperation (DIRCO) said that South Africa continues to speak with diplomats from around the world and its non-aligned stance doesn't mean that South Africa supports everything that Russia does.
  • Johannesburg power utility warned customers that incoming frosty weather conditions could lead to another flare-up in load-shedding as demand increases.
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.