MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: SARB Expected To Hold Rates, Ramaphosa Delivers Policy Speech

SOUTH AFRICA
  • The South African Reserve Bank (SARB) will announce its rate decision during a press conference with Governor Lesetja Kganyago starting at 14:00BST/15:00SAST. Most economists expect the central bank to leave the repo rate on hold, albeit three dissenters in the Bloomberg survey (out of the total 23 who participated in the poll) call for a 25bp cut. Click here to see our preview of the decision.
  • President Cyril Ramaphosa will deliver a policy speech at 18:00BST/19:00SAST during a formal opening of parliament. It is the first time in South Africa's post-Apartheid history when the government's agenda needs to accommodate the demands of the African National Congress' (ANC's) coalition partners. Sources told the Mail & Guardian that the recent cabinet meeting (lekgotla) proceeded in a smooth manner, with parties managing to find common ground on a range of issues.
  • Ex-President Jacob Zuma failed to attend an ANC disciplinary hearing yesterday, insisting that it should be held in person rather than virtually. His request was not granted, but the hearing was postponed until July 23. Meanwhile, Zuma was invited to today's opening of parliament in his capacity as former head of state, but his MK Party said that he was unlikely to attend.
  • Finance Minister Enoch Godongwana expressed confidence that South Africa will be taken off the Financial Action Task Force's (FATF's) watchlist in the "first period of 2025" as officials are "speedily implementing the action plan agreed to" by the country and the organisation.
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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.