South Africa raises interest rate, citing Iran war price shocks

Haber özeti

SARB raises policy rate to 7.25% Inflation at 4.4% last month vs 3% target Bank sees inflation exceeding 5% this year Governor calls 25 bps ​hike proportionate South Africa’s central bank raised interest ‌rates for the second time this year on Wednesday, saying the Iran war had triggered “large and sustained” price shocks and tighter… Source