TITO GOES NUCLEAR! 2% RATE HIKE IN DISCUSSION!

Tito's hand is hovering over the big red nuke button at the Reserve Bank:

A huge interest rate shock awaits South Africans as the monetary authorities consider hiking rates by another 200 basis points.

Most economists have predicted rates only to increase - at most - by 100 basis points.

But South African Reserve Bank governor Tito Mboweni said on Wednesday that he and his colleagues had discussed the impact on the economy of raising the bank's official repo rate by 200 basis points.

Hiking rates 2% is going to take some cajones!