A forecast of two more South African interest-rate hikes in 2026
Bloomberg reports that Bank of America's outlook reflects rising inflation risks from the Iran war's oil shock and the Federal Reserve's recent decision to raise borrowing costs.
TLDR
Bloomberg reported on September 21 that Bank of America had penciled in two more interest-rate increases by the South African Reserve Bank in 2026. The bank's forecast reflects rising inflation risks from an oil shock caused by the Iran war, alongside the Federal Reserve's recent decision to raise borrowing costs.
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