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SARB Revises Year End CPI Lower, Limiting Scope for 2021 Hikes

SOUTH AFRICA
  • SOUTH AFRICAN CENTRAL BANK: UPTICK IN INFLATION IS TRANSITORY
  • SARB SEES CPI AVG 4.2% IN 2021 VS PVS EST. OF 4.3%
  • Lower year end CPI target at 4.2% and reiteration of transitory factors leaning on the dovish side and limiting scope for hikes in 4Q21 as some analysts have been calling for Our base case still sees this as more likely in 1Q22
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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