Finweek English Edition - - THE WEEK -

The strength­en­ing of the rand against the US dol­lar has low­ered the in­fla­tion out­look in SA, coun­ter­ing the up­ward pres­sure from food price in­fla­tion. This in­creases the prob­a­bil­ity that the South African Re­serve Bank (SARB) will push the next rate hike for­ward from May into the sec­ond half of the year, ac­cord­ing to Bloomberg Africa and Mid­dle East econ­o­mist Mark Bohlund. The SARB’s mone­tary pol­icy com­mit­tee, which has hiked rates at its three lat­est meet­ings, will de­cide on in­ter­est rates at the next meet­ing on 17 to 19 May.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.