Concerns that high inflation forecasts could force Sarb to hike interest rates
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
CAPE TOWN - There are concerns that a high inflation forecast will leave the South African Reserve Bank with little choice but to hike interest rates.
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
Nedbank Economist Isaac Matshego said that the inflation outlook is worrying.
"Should inflation be stickier than currently expected, the Reserve Bank could be a lot more hawkish and hike for longer than we expect," Matshego said.
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SA Reserve Bank (@SAReserveBank) January 27, 2022
