MPC to announce rates decision on Thursday
But at the same time the Reserve Bank is one of the few central banks globally that have already hiked since the outbreak of the Iran war and South Africa’s interest rates are already reasonably high.
The South African Reserve Bank’s Monetary Policy Committee (MPC) is expected to announce its decision on interest rates in Pretoria on Thursday afternoon.” “If the Reserve Bank hikes interest rates further, we expect this to be the hiking cycle and we still think that once the war is over and oil prices are significantly and sustainably lower, the Reserve Bank could start unwinding these interest rate hikes,” explains Moolman.
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