Money’s on a rate hike this week as oil prices and Fed move pile pressure on SARB - Cape Argus

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South African Reserve Bank Governor Governor Lesetja Kganyago will announce the interest rate decision on Wednesday. South Africans could face another interest rate hike on Wednesday, with financial markets heavily betting on an increase as rising oil prices and the US Federal Reserve’s latest move add to inflation concerns. The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will announce its latest interest rate decision on Wednesday, with the odds increasingly pointing towards a 25 basis-point hike. Investec chief economist Annabel Bishop said financial markets had already been pricing in a near 85% chance of a 25 basis-point increase, with a second hike fully factored in by the end of the year.