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SOUTH AFRICA: SARB Press Conference Starting at 13:00GMT/15:00SAST

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • SARB Governor Kganyago will announce the central bank's rate decision during a press conference starting at 13:00GMT/15:00SAST. All economists surveyed by Bloomberg are calling for a 25bp cut which would take the main policy rate to 7.75%.
  • Inflation data released yesterday showed that headline CPI cooled to +2.8% Y/Y, missing the +3.0% consensus forecast and the lower end of the target band. This didn't affect expectations for today's SARB meeting, but led to dovish repricing further out the curve.
    • Our preview for today’s meeting can be found here.
    • Livestream to the press conference here.
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  • SARB Governor Kganyago will announce the central bank's rate decision during a press conference starting at 13:00GMT/15:00SAST. All economists surveyed by Bloomberg are calling for a 25bp cut which would take the main policy rate to 7.75%.
  • Inflation data released yesterday showed that headline CPI cooled to +2.8% Y/Y, missing the +3.0% consensus forecast and the lower end of the target band. This didn't affect expectations for today's SARB meeting, but led to dovish repricing further out the curve.
    • Our preview for today’s meeting can be found here.
    • Livestream to the press conference here.