Dear Subscriber,

The MPC concluded its fifth meeting of the year and in line with market expectations maintained status quo on all key rates for the 7th consecutive time.

In the global markets, oil prices climbed sharply to a 2-year high of $59pb due to threats by Turkey to disrupt oil flows from Iraq’s Kurdistan region. This development came as a result of the referendum by Kurdistan seeking independence from Iraq.

The attached slides sum up the events that took place in the domestic and global commodity markets this week.

Enjoy your read!