
Sustained high oil price puts pressure on US and SA monetary authorities
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In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses the upcoming SA Reserve Bank Monetary Policy Committee meeting, when a 25 bps interest rate hike is expected, as well as latest US inflation data. US CPI in April rose 3.8% y/y – and this does not yet fully reflect the increase in gasoline prices. In the short term, though, US interest rates are expected to be held, with the risk of a hike if the oil price remains above $100/barrel.

