Sarb forecasts single hike by 2021
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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