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Opinions remain divided on SARB decision – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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”.
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