Sarb forecasts single hike by 2021

Lesetja Kganyago
Elske Photography

The South African Reserve Bank’s projections imply there will be one hike to the headline interest rate over the policy horizon, bringing rates to 7% by 2021.

The implied interest rate path, produced by the central bank’s Quarterly Projection Model, has been built into the Sarb’s growth and inflation outlook.

Year-on-year CPI inflation rose to 5.2% in November 2018, while the Sarb’s measure of core inflation rose to 4.4%. Despite the rises, the central bank believes the near-term inflation

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