'I think we’ll see R16 to the pound and R13 to the dollar' - George Glynos (ETM)

We expect the rand will appreciate in the next 12 to 18 months.

George Glynos, ETM Analytics

South Africa's inflation rate (CPI) came in at 6.3% year-on-year in June from 6.1% in May.

Economists polled by Reuters expected a June CPI of 6.2%.

The Money Show’s Bruce Whitfield interviewed Managing Director and Chief Economist at ETM Analytics George Glynos.

Glynos discussed these latest inflation figures.

Scroll down for quotes from the audio below.

We may be nearing the end of high food inflation.

George Glynos, ETM Analytics

Inflation will probably rise a bit more this year.

George Glynos, ETM Analytics

We may even start talking about interest rate cuts.

George Glynos, ETM Analytics

Most forecasts do badly about picking rand appreciation.

George Glynos, ETM Analytics

The substantial inflows into SA equities and bonds will continue.

George Glynos, ETM Analytics

I think we’ll see R16 to the pound and R13 to the dollar.

George Glynos, ETM Analytics

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Article brought to us by Old Mutual.

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