Research and analysis

South Africa: interest rates held but hikes to follow March 2014

Central Bank holds rates, but signals rises to come.

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South African Reserve Bank holds interest rates at its March MPC meeting. Governor signals that rates now on an upward path and that Federal Reserve’s actions will affect the pace of hikes. Inflation set to breach 6% upper target later this year but expectations remain grounded and under control. Economists expect a hike in May.

Published 16 April 2014