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South African Reserve Bank Interest Rate Hike Exceeds Expectations

An interest rate increase of 50 basis points to 8.25% decided unanimously today matched the prior hike in March and is the tenth increase since the rate was raised from a pandemic low of 3.50% to 3.75% in November 2021. CPI inflation of 6.8% in April exceeded the 3-6% target range ceiling, and indicators of […]... Read More
Posted: May 25 2023, 22:18
Author Name: feedburner
Views: 081424

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