Interest rate hike - the good news: rates could stabilise by next year iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
South Africa’s central bank raised its repurchase rate by 75 basis points to 5.5 percent on Thursday — the steepest hike in a decade. The body told the aim of its policy was "to stabilise inflation expectations [.] and to increase confidence of hitting the inflation target in 2024."