/ 23 May 2023

Reserve Bank left toothless amid Eskom-induced stagflation

Reserve Bank
Inflation ticked up within a hair's breadth of the South Africa Reserve Bank’s upper limit in October, suggesting there could still be interest rate hikes down the line, even if monetary policymakers keep them on hold as expected this week.
The recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation

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