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Sarb has no choice but to raise rates - experts

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Cape Town - Nedbank's economic unit said on Wednesday that in an environment with a rapidly deteriorating inflation outlook, the South African Reserve Bank (Sarb) will have no choice but to raise interest rates to contain inflationary expectations and restore financial stability.

This was in reaction to the announcement by Statistics SA that South Africa's annual consumer price inflation rose to 5.2% in December 2015. This was in line with expectations and 4 percentage points higher than November's 4.8% rise. It was the highest rate for the year as consumers battle with increased food and fuel prices and interest rate hikes.

READ: Inflation hits highest level for year

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