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South Africa Consumer Prices (Feb.)

The rise in South Africa’s headline inflation rate, to 7.0% y/y, in February may be a sign that the intensification of loadshedding in recent months is fuelling price pressures. So long as renewed fears about the global banking system do not flare up, the Reserve Bank will almost certainly press ahead with a final 25bp interest rate hike at next week’s MPC meeting.

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