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  • South African Rand Advances Against U.S. Dollar After South Africa Decision The South African Rand climbed against the U.S. dollar in early New York deals on Thursday, erasing early losses, after the the South African Reserve Bank kept its interest rate unchanged, citing heightened uncertainties in the economy. The Monetary Policy Committee retained the repo rate at 6.75 percent. The bank noted that the economic growth is expected to remain subdued against a backdrop of continued political and policy uncertainty. The rand climbed to 13.25 against the greenback, off its early more than 5-week low of 13.40.If the rand extends rise, 12.00 is likely seen as its next resistance level.

    South African Rand Advances Against U.S. Dollar After South Africa Decision

    South African Rand Advances Against U.S. Dollar After South Africa Decision The South African Rand climbed against the U.S. dollar in early New York deals on Thursday, erasing early losses, after the the South African Reserve Bank kept its interest rate unchanged, citing heightened uncertainties in the economy. The Monetary Policy Committee retained the repo rate at 6.75 percent. The bank noted that the economic growth is expected to remain subdued against a backdrop of continued political and policy uncertainty. The rand climbed to 13.25 against the greenback, off its early more than 5-week low of 13.40.If the rand extends rise, 12.00 is likely seen as its next resistance level.
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  • S. Africa CB Holds Key Rate Steady On Deteriorating View On Risks South Africa's central bank kept its key interest rate unchanged on Thursday, after a reduction in the previous session, citing a deteriorating assessment of the balance of risks. The Monetary Policy Committee of the South African Reserve Bank held its key interest rate steady at 6.75 percent, after trimming it by 25 basis points in July. The decision was taken after a split vote with three policymakers calling for a 25 basis point cut. "Given the heightened uncertainties in the economy, the MPC felt it would be appropriate to maintain the current monetary policy stance at this stage, and reassess the data and the balance of risks at the next meeting," the SARB Governor Lesetja Kganyago said. The bank said the risks to the growth outlook were slightly on the downside as it expects household consumption to remain constrained, going forward. However, the growth forecast for this year was raised to 0.6 pe..

    S. Africa CB Holds Key Rate Steady On Deteriorating View On Risks

    S. Africa CB Holds Key Rate Steady On Deteriorating View On Risks South Africa's central bank kept its key interest rate unchanged on Thursday, after a reduction in the previous session, citing a deteriorating assessment of the balance of risks. The Monetary Policy Committee of the South African Reserve Bank held its key interest rate steady at 6.75 percent, after trimming it by 25 basis points in July. The decision was taken after a split vote with three policymakers calling for a 25 basis point cut. "Given the heightened uncertainties in the economy, the MPC felt it would be appropriate to maintain the current monetary policy stance at this stage, and reassess the data and the balance of risks at the next meeting," the SARB Governor Lesetja Kganyago said. The bank said the risks to the growth outlook were slightly on the downside as it expects household consumption to remain constrained, going forward. However, the growth forecast for this year was raised to 0.6 pe..
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  • *S. Africa CB Holds Key Interest Rate Unchanged At 6.75% S. Africa CB Holds Key Interest Rate Unchanged At 6.75%

    *S. Africa CB Holds Key Interest Rate Unchanged At 6.75%

    *S. Africa CB Holds Key Interest Rate Unchanged At 6.75% S. Africa CB Holds Key Interest Rate Unchanged At 6.75%
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  • South Africa Inflation Accelerates Less Than Forecast South Africa's consumer price inflation accelerated at a slower-than-expected pace in August, after easing in the previous two months, figures from Statistics South Africa showed Wednesday. The consumer price index climbed 4.8 percent year-over-year in August, faster than the 4.6 percent rise in July. The inflation was expected to increase to 4.9 percent. Prices of food and non-alcoholic beverages grew 5.7 percent annually in August and transport costs rose by 3.9 percent. On a monthly basis, consumer prices edged up 0.1 percent in August, just below the 0.2 percent rise economists had forecast.

    South Africa Inflation Accelerates Less Than Forecast

    South Africa Inflation Accelerates Less Than Forecast South Africa's consumer price inflation accelerated at a slower-than-expected pace in August, after easing in the previous two months, figures from Statistics South Africa showed Wednesday. The consumer price index climbed 4.8 percent year-over-year in August, faster than the 4.6 percent rise in July. The inflation was expected to increase to 4.9 percent. Prices of food and non-alcoholic beverages grew 5.7 percent annually in August and transport costs rose by 3.9 percent. On a monthly basis, consumer prices edged up 0.1 percent in August, just below the 0.2 percent rise economists had forecast.
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  • *S. Africa Aug Inflation 4.8% Vs. 4.6% In Jul, Consensus 4.9% S. Africa Aug Inflation 4.8% Vs. 4.6% In Jul, Consensus 4.9%

    *S. Africa Aug Inflation 4.8% Vs. 4.6% In Jul, Consensus 4.9%

    *S. Africa Aug Inflation 4.8% Vs. 4.6% In Jul, Consensus 4.9% S. Africa Aug Inflation 4.8% Vs. 4.6% In Jul, Consensus 4.9%
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  • *S. Africa Aug CPI Rises 0.1% On Month, Consensus 0.2% S. Africa Aug CPI Rises 0.1% On Month, Consensus 0.2%

    *S. Africa Aug CPI Rises 0.1% On Month, Consensus 0.2%

    *S. Africa Aug CPI Rises 0.1% On Month, Consensus 0.2% S. Africa Aug CPI Rises 0.1% On Month, Consensus 0.2%
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  • *S. Africa Jul Manufacturing Output Down 1.4% On Year, Consensus -0.3% S. Africa Jul Manufacturing Output Down 1.4% On Year, Consensus -0.3%

    *S. Africa Jul Manufacturing Output Down 1.4% On Year, Consensus -0.3%

    *S. Africa Jul Manufacturing Output Down 1.4% On Year, Consensus -0.3% S. Africa Jul Manufacturing Output Down 1.4% On Year, Consensus -0.3%
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  • *S. Africa Jul Manufacturing Output Rises 1.5% On Month, Consensus +0.5% S. Africa Jul Manufacturing Output Rises 1.5% On Month, Consensus +0.5%

    *S. Africa Jul Manufacturing Output Rises 1.5% On Month, Consensus +0.5%

    *S. Africa Jul Manufacturing Output Rises 1.5% On Month, Consensus +0.5% S. Africa Jul Manufacturing Output Rises 1.5% On Month, Consensus +0.5%
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  • South African Economy Expands More Than Expected In Q2 South African economy expanded during the three months ended June, after entering a technical recession in the first quarter, figures from Statistics South Africa showed Tuesday. Gross domestic product advanced 2.5 percent sequentially in the second quarter, reversing a 0.6 percent fall in the fourth quarter, which was revised from a 0.7 percent decline reported earlier. Economists had expected a 2.3 percent growth for the second quarter. In the fourth quarter of 2016, the rate of contraction was 0.3 percent. The largest positive contributor to growth in GDP in the second quarter was the agriculture, forestry and fishing industry, which increased by 33.6 percent and contributed 0.7 of a percentage point to GDP growth, the statistical office reported. On the expenditure side, household final consumption grew 4.7 percent over the quarter, while gross fixed capital formation decreased by 2.6 percent. Changes in invento..

    South African Economy Expands More Than Expected In Q2

    South African Economy Expands More Than Expected In Q2 South African economy expanded during the three months ended June, after entering a technical recession in the first quarter, figures from Statistics South Africa showed Tuesday. Gross domestic product advanced 2.5 percent sequentially in the second quarter, reversing a 0.6 percent fall in the fourth quarter, which was revised from a 0.7 percent decline reported earlier. Economists had expected a 2.3 percent growth for the second quarter. In the fourth quarter of 2016, the rate of contraction was 0.3 percent. The largest positive contributor to growth in GDP in the second quarter was the agriculture, forestry and fishing industry, which increased by 33.6 percent and contributed 0.7 of a percentage point to GDP growth, the statistical office reported. On the expenditure side, household final consumption grew 4.7 percent over the quarter, while gross fixed capital formation decreased by 2.6 percent. Changes in invento..
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  • *South Africa Q2 GDP Up 2.5% On Quarter Vs. -0.6% In Q1 South Africa Q2 GDP Up 2.5% On Quarter Vs. -0.6% In Q1

    *South Africa Q2 GDP Up 2.5% On Quarter Vs. -0.6% In Q1

    *South Africa Q2 GDP Up 2.5% On Quarter Vs. -0.6% In Q1 South Africa Q2 GDP Up 2.5% On Quarter Vs. -0.6% In Q1
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