It’s a busy week in the markets, with several key announcements on the calendar. On Wednesday, attention turns to the US, where the FOMC is expected to deliver a 25bps rate cut. Locally, South Africa’s CPI is also due, with consensus pointing to a slight uptick of 0.1% to 3.6%. Inflation data from the UK and Eurozone will also be released on Wednesday, with no changes expected, UK CPI holding at 3.8% and Eurozone CPI steady at 2.1%.
On Thursday, the SARB is set to announce its interest rate decision, with the repo rate widely expected to remain unchanged at 7.00%. The BOE follows on the same day, with markets similarly pricing no change, keeping rates at 4.00%.
