Major central banks including the US Fed, ECB and Bank of England have all upped rates in the past couple of weeks
The Reserve Bank has increased borrowing costs by more than expected, with a 50 basis-points increase after February consumer inflation came in higher than forecast.
Thursday’s move takes the repo rate to 7.75%, bringing the cumulative increase to 425 bps since it was slashed to 3.5% during the early part of the Covid-19 pandemic in 2020...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria: Fez Delivery announces Seed raise of $1 million - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsThis funding announcement follows Fez Delivery’s acceptance as one of the only two logistics companies in Nigeria to have received investment from Techstars Toronto Fez Delivery, a leading logistics and delivery company, announced its $1 million seed round today. Ventures Platform led the funding round, with participation from Voltron Capital, Acasia Ventures (formerly Cairo Angels), […]
Read more »
Rand strengthens as all eyes turn to the Reserve BankAll eyes are on the South African Reserve Bank and its upcoming rate hike.
Read more »
Shoprite now offers SA’s lowest data prices - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reportsk’nect mobile, the Shoprite Group’s cellular network, has slashed its data prices by more than 35% to now offer the lowest data rates in South Africa, with 1GB starting from as little as R19.50. Data bundles from k’nect mobile also only expire after 60 days, instead of the more common 30-day period. “With soaring living costs, our customers want and need affordable […]
Read more »
AI and machine learning are reimagining risk management in FNB - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsIn recent years, FNB Risk embarked on a data-powered strategic effort aimed at creating enhanced and interconnected insights across risk business units while driving efficiency, eliminating redundant activities, keep up with complex, evolving and emerging (Climate, cyber, financial crimes, model etc.) risks and freeing up risk and other professionals to do what they’re best at. […]
Read more »
Rand firms ahead of central bank rate decision[CURRENCY] At 12:00, the rand traded at R18.11 against the dollar, ahead of a central bank interest rate decision later in the day. Moneyweb Currency
Read more »