PRETORIA - All eyes are on the South African Reserve Bank as the Monetary Policy Committee prepares to deliver its latest interest rate decision.
Reserve Bank Governor Lesetja Kganyago will make the MPC announcement.
Inflation accelerated to 5% in June, its highest level in two years, strengthening the case for tighter monetary policy.
Some economists predict that the Reserve Bank could deliver its biggest increase in four years.
Rising inflation and ongoing tensions in the Middle East could influence a larger basis-point move.