It’s a short trading week for us, but nonetheless a particularly busy one in the financial markets. This week brings several key economic data releases from the United States, South Africa, the United Kingdom, and the broader Eurozone.
Tomorrow, attention will turn to three CPI (YoY) prints. The market expects both South Africa and the Eurozone aggregate to hold steady, with South Africa remaining at 2.8% and the Eurozone at 1.9%. In contrast, the UK is expected to see a 0.2% decline in inflation, bringing the annual rate down to 3.3%. In addition, the US Federal Reserve will announce its latest interest rate decision tomorrow. Markets widely expect no change, with the federal funds rate expected to remain within the 4.25%–4.50% range. Continuing this theme, the Bank of England will release its own rate decision on Thursday, where the consensus is also for no change, with rates expected to stay at 4.25%.
