n Farmer’s Weekly - Repo rate hike implications : market analysis

Volume 2016, Issue 16006
  • ISSN : 0041-848X



In an attempt to stabilise the rand, the Reserve Bank recently hiked the repo rate by 50 basis points. If the currency strengthens, this could lead to lower agricultural commodity prices. This increase is likely to be followed by an additional 25 basis point increase by the end of 2016. The announcement followed an upward revision of the bank's inflation forecasts. It is expected that headline CPI could reach 7,8% in the fourth quarter of this year.

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