{"id":47301,"date":"2023-04-19T12:22:40","date_gmt":"2023-04-19T12:22:40","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens"},"modified":"2023-04-19T12:40:26","modified_gmt":"2023-04-19T12:40:26","slug":"traders-raise-south-africa-rate-hike-bets-as-inflation-quickens","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens","title":{"rendered":"Traders raise South Africa rate-hike bets as inflation quickens"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Traders raised bets that South Africa\u2019s central bank will continue its interest-rate hiking cycle next month after inflation unexpectedly quickened in March.<\/p>\n

The central bank has delivered 425 basis points of tightening since November 2021, with March\u2019s bigger-than-expected 50 basis point move surprising financial markets. The MPC believes it has taken the right decisions to guide price growth back to the midpoint of its target range “but this cannot preclude further steps if inflation and inflation expectations continue to surprise higher,” Governor Lesetja Kganyago said in a speech this month.<\/p>\n

Price-growth in South Africa is being stoked by currency weakness, severe power rationing and logistics-network constraints that are adding to costs of doing business and sapping the country\u2019s economic growth prospects.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Traders raised bets that South Africa\u2019s central bank will continue its interest-rate hiking cycle next month after inflation unexpectedly quickened in March. The central bank has delivered 425 basis points of tightening since November 2021, with March\u2019s bigger-than-expected 50 basis point move surprising financial markets. The MPC believes it has taken the […]<\/p>\n","protected":false},"author":84,"featured_media":47300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,1015,1977,275],"class_list":["post-47301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-inflation","tag-interest-rates","tag-south-africa-2"],"yoast_head":"\nTraders raise South Africa rate-hike bets as inflation quickens - South Africa<\/title>\n<meta name=\"description\" content=\"Traders raised bets that South Africa\u2019s central bank will continue its interest-rate hiking cycle next month after infla ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders raise South Africa rate-hike bets as inflation quickens\" \/>\n<meta property=\"og:description\" content=\"Traders raised bets that South Africa\u2019s central bank will continue its interest-rate hiking cycle next month after infla ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T12:22:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T12:40:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681890767.42.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Traders raise South Africa rate-hike bets as inflation quickens\",\"datePublished\":\"2023-04-19T12:22:40+00:00\",\"dateModified\":\"2023-04-19T12:40:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\"},\"wordCount\":142,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681890767.42.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"inflation\",\"interest rates\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/traders-raise-south-africa-rate-hike-bets-as-inflation-quickens\",\"name\":\"Traders raise South Africa rate-hike bets as inflation quickens - 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