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SARB to Look through Upside Inflation Risks

SOUTH AFRICA
  • SARB MODEL SEES REPURCHASE RATE AT 4.07% BY END OF 2021
  • SARB SEES CPI AVG 4.2% IN 2021 VS PVS EST. OF 4.3%
  • SARB RAISES 2021 GDP GROWTH FORECAST TO 4.2% FROM 3.8%
  • SARB SEES CPI AVG 4.4% IN 2022, 4.5% IN 2023
  • SARB SEES S.AFRICA GDP GROWTH AT 2.3% IN 2022, 2.4% IN 2023
  • SARB MODEL SEES REPO RATE AT 5.02% BY END '22,6.11% BY END '23
  • S. AFRICA'S KGANYAGO SEES UPSIDE RISKS TO INFLATION OUTLOOK
  • S. AFRICA MPC TO LOOK THROUGH TEMPORARY PRICE SHOCKS: KGANYAGO
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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