South Africa Central Bank to Stave Off Big Rate Cut on Trump Worries [Yahoo! Finance]
STANDARD BANK GRP SP/ADR (SGBLY)
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Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees Trump Promises Could Have Seismic Impact on Washington Economy Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting New York's Transit Agency Approves $9 Congestion Toll NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes All 20 economists surveyed by Bloomberg expect Governor Lesetja Kganyago to lower the rate to 7.75% from 8%, when he announces the monetary policy committee's decision after 3 p.m. at a briefing north of Johannesburg. The vote-split prediction leans toward all six-members of the panel backing the cautious move. While annual inflation slowed to 2.8% in October, taking it below the central bank's 3% to 6% target range, it is “likely to look through this temporary decline,” said Elna Moolman, Standard Bank Group Ltd.'s head of South Africa macroeconomic research. She sees a 25 basis point cut. The rand, a bellwether for emerging market currencies, has depr
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