South Africans face back-to-back interest rate hikes say analysts

South Africans face back-to-back interest rate hikes say analysts

The South African Reserve Bank (SARB) is expected to raise interest rates at its next two monetary policy meetings as inflationary pressure mounts due to global energy supply disruptions linked to the war involving Iran. Economists at BNP Paribas believe the SARB’s Monetary Policy Committee (MPC) will increase the repo rate by 25 basis points at both its 28 May and 23 July meetings in an effort to contain rising inflation. At both the January an…