19 Nov 2015
Opinions remain divided on SARB decision – BBH
FXStreet (Edinburgh) - Analysts at BBH still dissent on the probable outcome from the SARB at today’s meeting.
Key Quotes
“The market is almost evenly split about whether the South African Reserve bank will hike rates today; we think they can wait a bit longer”.
“Of the 26 analysts polled by Bloomberg, 16 see no hike and 10 see a 25 bp hike to 6.25%”.
“Analysts are also looking for a tightening cycle roughly at a pace of 25 bp per quarter. This strikes us as too aggressive, and we see a much more cautious approach”.
“October CPI came in as expected at 4.7% y/y vs. 4.6% in September, while September retail sales were weaker than expected at 2.7% y/y vs. a revised 4.0% (was 3.9%) in August”.
Key Quotes
“The market is almost evenly split about whether the South African Reserve bank will hike rates today; we think they can wait a bit longer”.
“Of the 26 analysts polled by Bloomberg, 16 see no hike and 10 see a 25 bp hike to 6.25%”.
“Analysts are also looking for a tightening cycle roughly at a pace of 25 bp per quarter. This strikes us as too aggressive, and we see a much more cautious approach”.
“October CPI came in as expected at 4.7% y/y vs. 4.6% in September, while September retail sales were weaker than expected at 2.7% y/y vs. a revised 4.0% (was 3.9%) in August”.