The smaller-than-expected rise in South African inflation in August, to 4.4% y/y, and signs of softer underlying inflation pressures will be welcome news for SARB officials. It will be a close call, but we think this will tip the MPC towards keeping the policy rate on hold at 7.00% later today.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.