Rand gains the most in two months as Reserve Bank surprises with 50 bps hike

Major central banks including the US Fed, ECB and Bank of England have all upped rates in the past couple of weeks

30 March 2023 - 16:03 By ANDREW LINDER

The Reserve Bank has increased borrowing costs by more than expected, with a 50 basis-points increase after February consumer inflation came in higher than forecast...

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