RATE HIKE 70%

Finweek English Edition - - OPINION -

The odds of the South African Re­serve Bank de­cid­ing on an in­crease in in­ter­est rates on 18 and 19 Novem­ber are now 70%, ac­cord­ing to the for­ward rate agree­ment mar­ket (where par­ties con­tract to fix a fu­ture in­ter­est rate for a pe­riod in the fu­ture), Busi­ness Day re­ported. The ex­pec­ta­tion is for a 0.25% in­crease, which will bring the prime lend­ing rate to 9.75%.

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