AF - 2021

Reserve Bank model shows rate hikes coming for South Africa – 6 October 2021

South African central bank modelling suggests the need for the gradual lifting of borrowing costs to keep inflation close to the 4.5% midpoint of its target range, and long-term interest rates low.
The key rate is at a record-low 3.5%, after the monetary policy committee cut it by three percentage points in 2020, of which 275 basis points of easing was to counter the damaging effects of the Covid-19 pandemic…