Economics
South Africa Hikes Key Rate and Signals Fewer Increases Ahead
- Benchmark interest rate increased by 25 basis points to 4%
- Central bank model suggests less aggressive rate-hike path
Shoppers at a market in the central business district of Pretoria, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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South Africa’s central bank lifted its benchmark interest rate for a second straight meeting in a bid to tame rising inflation and signaled a less aggressive rate-hike path over the next three years.