# When to expect South Africa’s next interest rate hike – BusinessTech

> South Africa's inflation rose to 5.2% in May from 4.4% in April, a 30-month high and above the central bank's 4.5% target midpoint. Economists expect the South African Reserve Bank to hold rates unchanged through 2021, with a possible hike as early as the fourth quarter.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46879-when-to-expect-south-africa-s-next-interest-rate-hike-businesstech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher domestic inflation and possible future rate hikes affect the South African rand and the cost of financing feed imports, but the story has no direct grain or feed supply driver.

## Read by commodity

- USDZAR: neutral

## Sources

- businesstech.co.za: https://businesstech.co.za/news/banking/500589/when-to-expect-south-africas-next-interest-rate-hike/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.