South Africa raises rate to 6.75% from 6.50% - ConsultFX

South Africa raises rate to 6.75% from 6.50%

SARB hikes rates Three votes to hold, three votes to hike I'm not sure how a split vote led to a hike. The surprise here is that the inflation forecasts were lowered but they hiked anyway, deciding that they didn't want to allow inflation expectations to rise. Emerging market central bankers are also deeply worried about Fed hikes