Measles Outbreak Teams on Standby in Tshwane - South African News Briefs - January 6, 2023 allafrica: SouthAfrica
Expert Warns of More Rate Hikes in 2023
Nedbank chief economist Nicky Weimar has said that the bank anticipates at least two more 25 basis points rate hikes within the first six months of 2023,. According to Weimar, inflation gradually decreased during 2022 to 7%. Following an adjustment in fuel prices, this has been lowered to 6.8%, however this remains high and is well outside the Reserve Bank's target of 3% to 6%."If consumer inflation comes down really quickly, rates could maybe see a cut next year ," Weimar added.
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