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SARB to hike rate, NZ central bank on hold

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events SARB decision in focus (by Arnaud Masset) Later today, the South African central bank is expected to hike interest rate by 50bps to 6.75% as the deanchoring of inflation expectations together with renewed pressure on the rand have left little choice to the SARB. CPI inflation rose to 5.20% in December from 4.80% in the previous month. Looking beyond, Governor Kganyago will find itself in a similar situation to Governor Tombini where he will have to choose between trying

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