Reserve Bank to announce interest rates decision

The Reserve Bank Monetary Policy Committee will announce its decision on interest rates today.

Bond traders say the local market has already priced in an expectation for a rate hike.

And this comes after the annualised April Consumer Inflation number jumped to 4 percent from 3.1 percent in March, driven largely by transportation costs, fuelled by the war in the Middle East.

Reserve Bank Governor Lesetja Kganyago has warned that if the threat of inflation increases, the bank won't hesitate to act accordingly.

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