CARTOON: Kganyago’s balancing act

Consumer inflation reached 7.4% in June from 6.5% in May, worse than market expectations

Markets pricing in higher rates and higher inflation expectations cement case for 50bps hike

The so-called public protector tried to force the Bank to target economic growth, but thankfully was beaten back

Higher fuel and food prices might now feed into more generalised price pressures across the economy increasing pace and intensity of rate hikes