Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

SARB likely to cut repo rate in March by 25 bps – Danske Bank

During its November meeting, the South African Reserve Bank maintained its key interest rate on hold at 6.75 percent. Inflation has been lower than 5 percent since July, which is within the SARB’s 3 percent to 6 percent inflation band. With the election of Cyril Ramaphosa and the stronger South African rand, the central bank is expected to cut its repo rate by 25 basis points during its meeting in March, noted Danske Bank.

“We basically see a challenging transition from Jacob Zuma to Cyril Ramaphosa, which will involve some policy uncertainty near term”, stated Danske Bank.

The USD/ZAR pair is expected to rebound slightly in the near term to around 12.75 in three month before dropping further as the near leader is able to instill  his policy agenda, suggesting that the USD/ZAR would drop to 12.50 in six month and 12.25 in 12 month, added Danske Bank.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 16 00:00 UTC Released

IDCar Sales YY

Actual

6.8 %

Forecast

Previous

December 16 00:00 UTC Released

ARReal Weekly Earnings MM

Actual

9.1 %

Forecast

Previous

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 472247472247m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 472247472247m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 460427460427m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.