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Rate hikes first step to stability | Sable International

Jan 29, 2016
The repo rate hike by the SA Reserve Bank (Sarb) on Thursday is but one step amid broader policy tightening, according to Arthur Kamp, investment economist at Sanlam Investments.

Andrew Rissik, managing director of Sable Forex, said the hike might arrest decline of the rand in the very short term, however, to raise rates to curb inflation seems rather pointless to him when inflation is in fact being driven by what he calls "structural deficiencies in the way the economy and state owned enterprises are managed".

Read the full article on Fin24.

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