Reserve Bank Governor Lesetja Kganyago says South Africans will benefit later from their tough stance now.
Meanwhile, the SARB says it takes into account the impact higher interest rates have on South Africans.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MPC increases repo rate to 8.25%South African Reserve Bank Governor Lesetja Kganyago cited elevated inflation and a weak rand as some of the reasons for the decision by the monetary policy committee (MPC).
Read more »
Reserve Bank hikes interest rates by 50 basis pointsSouth Africa’s central bank delivered it’s tenth straight interest rate hike, and the first back-to-back half-point increase since 2008.
Read more »
Reserve Bank hikes rates by another 50 basis pointsThe South African Reserve Bank has hiked rates for the tenth consecutive time.
Read more »
When politics drive inflation- a headache for the Reserve Bank | City PressDespite the latest decline in CPI, inflation remains tilted to the upside, with the effects of the politics-driven weakening rand still to be felt in the next quarters. Does SA's government have the political will to self-correct?
Read more »
Lesetja Kganyago says short-term pain is necessary after 50 bps rate hikeReserve Bank says further weakness likely; rand plummets to a record low
Read more »
Will Lesetja Kganyago surprise markets with interest rates decision?Ron Derby | The Reserve Bank’s decision to hike or not to hike interest rates is most acutely felt in this segment of society, people who are first-time home or vehicle buyers and more often than not, credit card holders.
Read more »