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The South African Reserve Bank’s Monetary Policy Committee is set to increase the repo rate tomorrow – with consensus among most analysts and economists that the hike will be larger than at previous meetings.
A Reuters poll on Friday showed that a majority (16 out of 24) of analysts surveyed expect the MPC to increase the pace of its interest rate hiking cycle, with a 50 basis point hike pencilled in, to 4.75%.
The Bureau of Economic Research said it has also shifted its stance from 25bps to a 50bps expected.
The challenge for the bank is to strike the right balance between fighting exogenous inflation and supporting a weak economic recovery.

Joining Michael Avery for this discussion is Warwick Lucas Head of Galileo Securities; Isaah Mhlanga, Chief Economist at Alex Forbes and Annabel Bishop Chief Economist at Investec
18 May 2022 8AM English South Africa Business · Business News

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