Commentary
Add as a preferred source on GoogleQuotes from UniCredit Research: -South Africa CPI is likely to slide to +4.5% y/y in January vs. 5.3% in December. We see an asymmetric short-term impact: a bigger fall may help the ZAR, but a stickier CPI print may be n…
Quotes from UniCredit Research:
-South Africa CPI is likely to slide to +4.5% y/y in January vs. 5.3% in December. We see an asymmetric short-term impact: a bigger fall may help the ZAR, but a stickier CPI print may be neutral.
-The SARB has already signaled strong vigilance on inflation, imaging a rebound up to + 5.4% yoy on average in 2016.
-Yet, any ZAR bounce will be short-lived given weaker Chinese growth, risks to growth at home from power cuts and higher US yields.
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