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Reserve Bank delivers 'measured' rate hike to tame inflation risks

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The South African Reserve Bank raised its main lending rate on Thursday in a 'measured' move it said should tame inflation risks, the second consecutive hike after slashing rates early in the COVID-19 pandemic.

The South African Reserve Bank raised its main lending rate on Thursday in a"measured" move it said should tame inflation risks, the second consecutive hike after slashing rates early in the COVID-19 pandemic.

SARB Governor Lesetja Kganyago told a news conference the committee did not discuss a larger hike than 25 basis points.

 

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We are going straight to economic crisis as food prices n lending rate increase

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