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Podcast: WorldWide Markets with Simon Brown
Episode: Inflation back in range, now for rate cuts (#550)
Description: As expected Local CPI for June came in at 5.4%, lowest in twenty months and well within the 3%-6% target range from the South African Reserve Bank. Yes base effect as June last year was the first +7% inflation print of this cycle. When do we start talking rate cuts? Truthfully not yet, a pause would be nice eve as the gov always targets 4.5% not the range. Simon Shares MPC is Thursday, I expect no raise and can we start talking about rate cuts yet? USDZAR currency forecasts from Goldman Sachs: End 2024: 16.00 End 2025: 15.00 End 2026: 14.00 Decent UK i...