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SARB To Announce Rate Decision

SOUTH AFRICA
  • The latest monetary policy decision from South African Reserve Bank will be announced during a press conference with Governor Lesetja Kganyago at 14:00BST/15:00SAST. The central bank is expected to raise interest rates by 25bp after CPI figures for February beat expectations. Our full preview of the decision including a summary of sell-side views can be accessed here.
  • Public broadcaster SABC reported that Minister of International Relations Naledi Pandor will today chair a meeting of South Africa-Russia Joint Inter-Governmental Committee on Trade and Economic Cooperation with Russian Minister of Natural Resources Alexander Kozlov in Pretoria.
  • President Cyril Ramaphosa will appear in parliament today to discuss the social-welfare grant and the impact of load-shedding on domestic economy.

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