Bank of America makes new call on Reserve Bank rate hike
Bank now sees 25 basis point hike in November as inflation outlook dims
11 October 2023 - 20:22
Bank of America (BofA) says the SA Reserve Bank will hike rates at its November meeting, citing a weakening in the near-term inflation outlook from new risks including higher oil prices, an outbreak of bird flu and rand volatility.
The warning comes a week ahead of the release of the Bank’s Monetary Policy Review...
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