South African Reserve Bank was expected to be unchanged despite an improvement in headline inflation. Everyone expects this headline inflation theme to wane very quickly and this is the reason for a hawkish bias at the M…
South African Reserve Bank was expected to be unchanged despite an improvement in headline inflation. Everyone expects this headline inflation theme to wane very quickly and this is the reason for a hawkish bias at the MPC.
There is also a sense that ZAR is undervalued, which will trigger higher inflation. This would be particularly the case if bottlenecks in the energy sectors are not resolved. "Our seasonality-based inflation model shows headline rising from 4.5% now to 5.5% y/y in December",says RBC Capital Markets.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
