FNB expecting rates to be hiked by further 50 basis points this year

FNB economist Mamello Matikinca expects rates to be hiked by a further 50 basis points this year. She says the deceleration in producer price inflation in March was consistent with the downside surprise in the consumer price inflation print and does not alter her view of further policy tightening.“… we’ve pencilled a further 50 basis points of hikes this year.