SARB MPC Preview: ZAR weakness will prompt the SARB to deliver another bold rate hike

Bottom line: As a result of inflationary pressures, the standard expectation until recently had been [...]

May 2023

Summary of macro-economic research views: Inflation: Inflation has stalled, and the latest bout of ZAR [...]

SARB to consider impact of additional rate hikes on economy

Bottom Line: There has been a notable repricing in the market-implied interest rate path since [...]

WTI Oil has bottomed

[vc_row][vc_column][vc_column_text] Over the past year, WTI Oil has been on a steady decline. The Biden [...]

SARB surprises with a 50bp rate hike to protect the ZAR

Bottom Line The SARB surprised with a 50bp rate hike, taking the benchmark repo rate [...]

ETM’s ZAR Sentiment Indicator (ZSI) loses predictive power through load shedding

Bottom line: Although the ZAR Sentiment Indicator (ZSI) is trading at levels last seen thirteen [...]

Monthly Commodities Dashboard – February 2023

BASELINE VIEW – PRECIOUS METALS:   Post the recent release of US Non-Farm Payrolls and [...]

The tide in global monetary policy is shifting

Bottom Line: Central banks remain in tightening mode, although it is important to note that [...]

January MPC: SARB scales back on its tightening as growth concerns intensify

As always, the ZAR will play a significant role in terms of inflation in the [...]

USD overvaluation has retreated off its highs but remains extreme

Bottom Line On a trade-weighted basis, the ZAR has lost ground. The bulk of the [...]