Scope for SARB to keep rates on hold this week

There is scope for the South African Reserve Bank to keep interest rates unchanged at the end of its Monetary Policy Committee’s three-day meeting on Thursday‚ but the risk of further rate hikes this year remains‚ says Investec economist Kamilla Kaplan.She said inflation considerations coupled with weak economic growth would support an unchanged interest rate decision at this week’s meeting‚ but that there is a chance of a rate hike in November‚ possibly of 25 basis points.