Sprake: SARB Likely to Hike Before Year-End

Traders are paring back their bets on further interest-rate hikes by the South African Reserve Bank after inflation came in lower than expected. But Casey Sprake, Market Strategist at AG Capital told Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja, they are… Traders are paring back their bets on further interest-rate hikes by the South African Reserve Bank after inflation came in lower than expected. But Casey Sprake, Market Strategist at AG Capital told Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja, they are expecting another rate hike before the end of the year. (Source: Bloomberg)