The South African economy grew by 3.2% saar in Q2
DATA REVIEW
Hungary’s central bank reduced the benchmark interest rate by 25bp to 6.75%. While a cut was on the cards the timing took markets by surprise. Notably, an agreement with the IMF/EU has as yet to be agreed (next meeting is scheduled for September). This may explain rates being cut by only 25bp. With the economy already in recession the next move will down and may ....
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