Fixed Income Chart Book: 2 October 2015
The South African Reserve Bank’s sharp downward revision of growth justifies unchanged rates
Poor consumer sentiment and lower real household incomes affect spending and growth.
The South African Reserve Bank’s (SARB) sharp downward revision to growth justifies a no rate hike decision for now. Lower oil prices and a weak rand saves our current account and a low exchange rate pass-through saves inflation for now.
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