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Inflation points to March rate hike - economists

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Cape Town - After gloomy inflation data released on Wednesday, economists are warning that an interest rate hike could be on the cards in March.

The inflation rate has breached the South African Reserve Bank's (Sarb's) target of a 3% to 6% range by accelerating to 6.2% year-on-year (y/y) in January 2016, up from December’s 5.2% y/y. The month-on-month number grew 0.8% in what some see as a clear sign that pass-through effects are accelerating.

READ: Inflation shocker

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