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South Africa's central bank will raise its key interest rate by 75 basis points next week to brake inflation, a Reuters poll found, adding another 25 basis points in each of the following two quarters before pausing for the rest of 2023.
SA's GDP contracted 0.7% last quarter.
The Reserve Bank will raise its key interest rate by 75 basis points next week to brake inflation, a Reuters poll found, adding another 25 basis points in each of the following two quarters before pausing for the rest of 2023.
By Vuyani Ndaba JOHANNESBURG (Reuters) - South Africa's central bank will raise its key interest rate by 75 basis points next week to brake inflation,...