South Africa raises lending rate to 7 percent amid war
The South African Reserve Bank raised its main lending rate to 7.00 percent. This first hike in three years aims to curb inflation risks linked to the war.
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South Africa raised its main lending rate by 25 basis points to 7.00%. The move marks the first rate hike in three years and aligns with a tightening trend among emerging market peers, as the central bank seeks to anchor inflation expectations amid rising global energy costs.
