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Country Focus

South Africa: Lower Rates, Rising Public Debt

by Arthur Budaghyan, Chief EM/China Strategist   Armen Hamazaspyan, Research Associate  

South African inflation will remain at the bottom of the SARB target range, allowing further easing. July CPI came in line with expectations at 3.5% y/y, with core at 3.0%. Our Emerging Markets strategists expect the central bank to keep cutting in…

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