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SOUTH AFRICA: SARB Press Conference Begins Shortly, 25bp Cut Expected

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • The SARB will likely deliver another 25bp cut to the repo rate, taking it to 7.25%, despite the materialisation of certain inflationary risks. While almost all analysts surveyed by Bloomberg expect a 25bp cut today, the outlook beyond this juncture is more uncertain.
  • Note that there is no specific timing for the rate decision – it will be announced at some point during the press conference scheduled for 13:00GMT/15:00SAST. Livestream here.
  • See our full preview of the meeting, with sell-side analyst views, here.
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  • The SARB will likely deliver another 25bp cut to the repo rate, taking it to 7.25%, despite the materialisation of certain inflationary risks. While almost all analysts surveyed by Bloomberg expect a 25bp cut today, the outlook beyond this juncture is more uncertain.
  • Note that there is no specific timing for the rate decision – it will be announced at some point during the press conference scheduled for 13:00GMT/15:00SAST. Livestream here.
  • See our full preview of the meeting, with sell-side analyst views, here.