STANLIB's Weekly Focus 28 July 2008

EXECUTIVE SUMMARY OF STANLIB’s WEEKLY FOCUS

ECONOMIC WEEKLY REVIEW

• A mountain of economic data will be released this week, and will prove all important before the MPC (Monetary Policy Committee) interest rate decision on the 14^th August. At the moment the market is still undecided on the outcome, although at STANLIB we expect rates to remain on hold for the year.
• June 2008 money supply and private sector credit extension numbers should ease slightly this week; however consumer and producer inflation is still expected to be on the rise. Good news in the pipeline are expected petrol and diesel price cuts next week as our over recovery mounts steadily.
• Taking a closer look at our economy at present, there seems to be a definite tale of 2 stories as the consumer faces a near ‘perfect storm’ of difficulties; whilst investment spending by the private and public sectors is actually accelerating.

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