The new weights assigned to components of the South African CPI basket, which are due to come into effect in January 2013, will have only a marginal impact on overall inflation. As such, the implications for monetary policy are limited, and we continue to expect a 50bps cut in the repo rate in the second half of next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services