ABSA: More Rate Hikes By End Of Year

ABSA says:

If the current inflationary pressures and other negative factors persist into the second half of the year, it is quite possible that interest rates may increase further before the end of the year, Absa said in a statement on Friday.

And here's another tidbit:

As a result, we expect nominal growth in house prices to come in at about 11% for the full year, taking into account that average house price growth of 13,8% was recorded in the first five months of the year. For growth in house prices to drop to a level of below 10% in 2006, prices must decline sharply over a wide front before the end of the year