rate hike today?

The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.

The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.

"Psychologically last week's releases - and particularly the 6,3percent Consumer Price Index Excluding Mortgages (CPIX) figure - will make it difficult for the Monetary Policy Committee to resist raising interest rates at today's meeting," Nedbank said after disappointing manufacturing growth data from Statistics South Africa. - Staff Reporter

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