The Reserve Bank could call an emergency Monetary Policy Committee meeting in the face of a worsening inflation outlook, the SABC reported on its website on Friday.

In an exclusive interview with the SABC TV News, Reserve Bank Governor Tito Mboweni said things had drastically changed since the last MPC meeting three weeks ago.

He also hinted at the probability of the MPC hiking interest rates by more than half a percentage point - as had been the case so far.

Mboweni complained of the continuing increases of administered prices that ignored inflation targeting, the SABC said.

He also ruled out adjusting inflation targeting.

Sapa