n Personal Finance Newsletter - Expect another two rate hikes this year : economic outlook
|Article Title||Expect another two rate hikes this year : economic outlook|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||May 2016|
The South African Reserve Bank (SARB) will raise interest rates twice more this year despite a sickly economy, as inflation remains stubbornly above the Bank's comfort level, according to a Reuters poll. The outlook is similar to other emerging markets experiencing a near stagflation environment, compared to developed countries which are at pains to get the quicker inflation needed for a sustained recovery.
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