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13 hours agoSouth Africa CPI & retail double-header sets the tone before MPC statement - London Business News | Londonlovesbusiness.com
Tomorrow is a big domestic data day for South African markets, with the CPI and retail sales data to be released. The slew of data could set the tone for Thursday's SARB interest rate decision and the Q4 risk tone. Investors come in knowing the July CPI printed 3.5% YoY, a 10-month high. While it remains within the 3-6% band, it stayed above the stated ambition to target around 3% over time rather than just the midpoint of the 3-6% range.
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