WATCH: Interest rate hike likely

Bad news if you have a home bond or car repayments. The Reserve Bank is likely to hike interest rates today. We discuss this further with economist Professor Bonke Dumisa. #dstv403

JOHANNESBURG - The Black Friday specials may be tempting, but watch your pocket!

Interest rates are set to up again on Thursday.

WATCH | Interest rates set for another hike

The Reserve Bank has a stronger case to push up rates by a full percentage point after inflation unexpectedly ticked up.

Overall inflation rose to 7.6 percent from 7.5 percent the month before.

READ: Repo rate | MPC meets this week on rates

The figure surprised economists who largely projected inflation to ease.

Higher inflation supports the case for the Reserve Bank to hike interest rates.

The bank has repeatedly warned that it will use interest rates as a tool to curb price rises.

Source
eNCA

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