Lesetja Kganyago announces 50 bps rate hike, confounding predictions
For 2023, the bank’s forecast for GDP growth is only 0.2%, says the Reserve Bank governor
31 March 2023 - 08:57
Reserve Bank governor Lesetja Kganyago, quite unexpectedly, announced a rate hike of 50 basis points (bps) on Thursday afternoon, on the back of rising inflation globally and continued load-shedding weighing on South Africa’s economy...
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