Analysts predict rate hike

Global analysts Lehman Brothers, who have visited SA, say they have revised up their inflation forecast and expect an additional 100 basis points of policy tightening. "It is hard to remember another time when there was such a sustained shock to prices from such a variety of sources - most significantly food and energy prices, and a weaker rand," say the analysts. - I-Net Bridge

Global analysts Lehman Brothers, who have visited SA, say they have revised up their inflation forecast and expect an additional 100 basis points of policy tightening. "It is hard to remember another time when there was such a sustained shock to prices from such a variety of sources - most significantly food and energy prices, and a weaker rand," say the analysts. - I-Net Bridge

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