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SARB hikes rates, Tanzanian nuts, Ethiopian reforms

Hawkish rhetoric from South Africa’s MPC suggests that another rate hike is likely in Q1. But the divided MPC’s appetite for further tightening will dissipate if – as we expect – inflation eases in mid-2019. Tanzania’s president continued his run of erratic policy announcements this week, while Ethiopia’s reformist premier took a big step towards opening up the political system.

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