Reserve Bank seen on hold on Jan 17, hike in May

World News: . []

South Africa's Reserve Bank will leave interest rates at 6.75% on Jan. 17, all 27 economists polled by Reuters in the past four days said, but rising inflation means it is likely to hike them in May. May's expected hike to 7.00% would follow a surprise increase by the bank two months ago and is despite expectations for the price of crude to fall, offering much needed relief to net oil importers such as South Africa.

Read More: http://www.engineeringnews.co.za/article/reserve-bank-seen-on-hold-on-jan-17-hike-in-may-2019-01-11

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