South African central bank sees 2018 GDP 1.2% 2019 1.5%

South African Reserve Bank highlights of the state

  • Upside risks to the CPI outlook have increased
  • Risks linked to the CPI include the rand and the oil price
  • Rand pressure offset by better 2018 food CPI outlook
  • Sees food inflation to 4.5% in 2018, and 5.9% in 2019
  • Less favourable fiscal path can reduce the scope of the easing

Sounds like «hawkish» things, but not to change from the 6.75% rate is universally expected. We’ll get a decision any time on the rates.

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