With fuel prices on the rise sparking fears that inflation will spiral out of control, The South African Reserve Bank(SARB) is likely to hike its repo rate to try slow inflation.
Economical analysts anticipate an increase in the CPI due to high fuel demands while supply is restricted in the market as a result of the sanctions imposed on Russia due to the ongoing war.
Reserve Bank Governor Lesetja Kganyago has already raised the repo rate by 25 basis points in January.
