Calm before the storm in South Africa

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It has been a quiet week on the economic front, despite key data being published – as markets hold their breath for election week ahead.

This week has been a relatively quiet week on the economic front in South Africa as investors and analysts look toward the national elections next week Wednesday , which will be quickly followed by the South African Reserve Bank’s next policy move.

While welcome, this is unlikely to shift the SARB’s hawkish views on inflation and thus there should be no change in interest rates. ), while a negative results would be a coalition between the ANC and the EFF or a new party like MKP.

 

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