South African M3 Money Supply (Sep YY) 7.93% (Prev. 8.89%)
Newsquawk ·
South African M3 Money Supply (Sep YY) 7.93% (Prev. 8.89%) A deceleration in South African broad money growth sits at the low-salience end of the local data calendar; M3 prints rarely move rand or front-end SAGB pricing on their own, and historically the market has treated them as confirmation of credit conditions rather than as a policy input in the way CPI or the SARB decision are. The mechanism that matters is what slower money growth says about private sector credit extension, since that feeds into the demand side of the inflation outlook the SARB actually reacts to. A slowdown of this kind has typically been read as consistent with restrictive policy transmitting, which supports the existing rate stance rather than arguing for a change in it. The distinction worth drawing is between money supply cooling because credit demand is weak, which is growth-negative, and cooling because deposit rates have pulled funds into longer-dated instruments, which is neutral; the accompanying private sector credit extension print usually separates the two. Follow-ons are the credit data released alongside, the next CPI, and any SARB commentary referencing monetary aggregates, which in practice has been infrequent. 29 Oct, 02:40 [MARKET ANALYSIS] DXY remains softer after the FOMC lacked any hawkish surprises 29 Oct, 01:12 PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge 29 Oct, 00:00 New Zealand ANZ Business Confidence (Oct) 52.5 (Prev. 51.9) 27 Oct, 15:00 Newsquawk European Market Wrap - 27th October 2026 27 Oct, 09:00 European M3 Money Supply (Sep YY) 3.5% vs. Exp. 3.4% (Prev. 3.5%) South Korean Business Confidence (Oct) 78 (Prev. 79) 9 hours ago US Market Wrap: Stocks gain as tech climbs while Dollar takes a hit post Fed 9 hours ago US FX WRAP: Dollar weighs as Fed Chair Warsh abstains from hawkish surprise 10 hours ago FOMC SNAP ANALYSIS: Fed holds rates, as expected, with two hawkish dissenters as attention turns to the presser 11 hours ago PREVIEW [REPOST]: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT 13 hours ago Russian GDP (Sep YY) 0.5% (Prev. 0.8%) 14 hours ago Newsquawk European Market Wrap - 28th October 2026 15 hours ago Newsquawk Daily Economic Releases - 29th October 2026 15 hours ago [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again 15 hours ago BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8% 16 hours ago PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT 16 hours ago US Goods Trade Balance Advance (Sep) -134.90B vs. Exp. -130B (Prev. -132.07B) 17 hours ago Italian PPI (Sep YY) 13.8% (Prev. 10.9%) 20 hours ago Italian PPI (Sep MM) 2.9% (Prev. 2.4%) 20 hours ago EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat 22 hours ago
DYAX Investor Sentiment
Bullish (Long) 61% · Bearish (Short) 39%
342 participants
Related News
- Global Financial Updates and Corporate Earnings
- Swedish Retail Sales Decline in September as Broad Economic Data Mixed
- Swedish Consumer Confidence Drops to 94.3 in October
- Swedish Q3 GDP Flash Growth Beats Forecast at 0.4 Percent
- Swedish Q3 Flash GDP Growth Slips to 2.8% Against Expectations
- Swedish October Economic Tendency Indicator Rises to 108.1
