South Africa: Lower CPI sparks rate cut hopes

This week’s focus will be on the South African Reserve Bank’s Monetary Policy Committee meeting, which starts tomorrow and ends with an interest rate decision on Thursday. It is widely expected the Reserve Bank will commence its cutting cycle and reduce interest rates by 25 basis points to 8 per cent followed by a similar cut in November. Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.