# Standard Bank expects the South African Reserve Bank’s Monetary Policy Committee to consider another interest rate increase when it meets this week. June inflation rose to five-percent from 4.5-percent in May, driven mainly by higher fuel prices and public transport costs, leaving inflation well above the Reserve Bank’s three-percent target. The bank’s Elna Moolman says any increase is likely to mark the peak of the current rate hiking cycle:
Standard Bank expects a possible interest rate hike this week [SOUND]
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