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March 27, 2024 3:26 PM UTC
Bottom line: As widely expected, South African Reserve Bank (SARB) kept the key rate constant at 8.25% on March 27. It appears the decision targeted to anchor inflation expectations around the target midpoint, and enhance confidence in achieving the inflation goal as SARB signalled that its fight to
March 27, 2024 1:02 PM UTC
We expect Canadian GDP to increase by 0.4% in January, matching an estimate made with December’s report. This would be the strongest rise since January 2023, but the strong year ago data would still see yr/yr growth slipping, to 0.8% from 1.1%.
March 27, 2024 12:42 PM UTC
We expect a 130k increase in March’s ADP estimate for private sector employment growth, which would be in line with recent trend, but an underperformance of our 180k forecast for private sector non-farm payrolls, which would also be in line with trend. We expect overall payrolls to rise by 230k.
March 27, 2024 10:00 AM UTC
Though BOJ soothed markets with last Tuesday’s rate hike and scrapping of yield curve control, we see scope for 10yr JGB yields to rise through 1% by summer/autumn. The current pace of net JGB purchases is a lot lower than H1 2023, while Ueda noted that this pace could be slowed in the future.