π SARB's 4-2 hike leaves the harder question to May CPI
The day in view
π SARB's 4-2 hike leaves the harder question to May CPI
SARB hiked to 7.00% in a 4-2 vote. The majority cited M3 at 9.82% and credit extension at 9.20% year-on-year; the doves read the 90-basis-point CPI jump as a fuel reversal and held. May CPI settles the argument.