Economists predict that we will see rate hikes at every MPC meeting this year, which means the prime lending rate could end the year at 8.25%. Photo: Supplied/Archive
Back home we have already seen an uptick in inflation with our annual consumer price inflation climbing to 5.9% in December 2021 – the highest annual increase since March 2017 when the rate was 6.1% largley driven by food and non-alcoholic beverages, housing and utilities and transport.
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