The Reserve Bank’s monetary policy decision on Thursday is the main economic event of the week. The Bank is expected to lower interest rates despite a likely rise in inflation numbers. Second-tier data on tourist accommodation, land transport and food and beverage sales will be released on Monday, while tourism and migration figures will be out on Tuesday. CPI inflation for August will be published on Wednesday, the day before the September monetary policy committee (MPC) meeting. Most economists expect headline CPI to lift slightly to 4.9% year on year, from 4.6% in July, owing to low statistical base effects and the 19c/litre petrol price hike in August. Food inflation is expected to continue to moderate, however, assisted by a notable decline in grain prices. "The committee is likely to look through the August CPI number and note that inflation is set to begin moderating again in the fourth quarter of the year," said Mamello Matikinca, a senior economist at FNB. Despite the rebou...
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