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South Africa's SARB hold their rate....>

SOUTH AFRICA
SOUTH AFRICA: South Africa's SARB hold their rate decision later today (as
usual, at no specific time and the decision itself will be announced at the
tail-end of a press conference) and are unanimously expected to keep rates
unchanged at 6.75%.
-Growth and inflation projections are also due up, and both forecasts may see a
material downgrade at today's meeting to accommodate for the weakening global
outlook and patchy power outages denting domestic activity.
-USD/ZAR remains close to the year's highest levels at 14.7017 and short-end
implied vols have been ticking higher since mid-March.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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