Central bank sees 'high likelihood' of rate hikes in next few meetings.

 Central bank sees 'high likelihood' of rate hikes in next few meetings. 

There's a high likelihood that South Africa's central bank will increase interest rates at its next few meetings, one of its deputy governors said on Tuesday. The South African Reserve Bank (SARB) left interest rates unchanged as expected last Thursday but signalled that rising oil prices, above inflation wage settlements and a weaker rand currency could stoke inflation and bring a rate rise in coming months.

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