Inflation: South African Central Bank Hikes Rate Again
September 22, 2022
9:27 pm
In lieu of the ongoing recession, South Africa’s central bank on Thursday has reportedly raised its benchmark interest rate which saw it going up by a hefty 0.75 percentage points again as it battles to control the inflation in the country.
The move is also coming on the heels of some new rate hikes which had been instigated by the United States Federal Reserve and some of the other central banks in Europe this week as countries scramble to tame galloping consumer prices.
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The South African central bank’s …
