# The South African Reserve Bank’s Monetary Policy Committee is meeting this week as economists warn a rate hike is likely following rising inflation linked to the Middle Eastern war. Last month’s inflation climbed to four-percent from 3.1-percent in March, driven by higher transport and energy costs. FNB and Sanlam Investments says this has shifted market expectations, stating the central bank may tighten policy to protect its three-percent inflation target.
Rate hike looms amid inflation pressure