MPC Pendulum Swaying Towards a Rate Hike

SOUTH AFRICA - Report 14 Jul 2014 by Iraj Abedian
The outlook on South Africa’s consumer price inflation has deteriorated more than the South African Reserve Bank (SARB) had anticipated. Meanwhile, South Africa’s economic growth outlook has suffered and continues to do so as a result of, inter alia, labor-related production stoppages. Despite the predicament of elevated inflation pressures coupled with a pedestrian growth outlook (at best), chances for a repo rate hike are high as the SARB meets this week. The May 2014 print of headline inflation recorded a 6.6% year-on-year (y/y) rate, which is 0.5 percentage point quicker than that in Ap...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.