Reserve Bank governor Lesetja Kganyago joined Business Day TV to discuss the issue in detail
Over the past two years, central banks around the globe have been hiking interest rates in a bid to tame rising inflation. SA has seen its ninth consecutive rate hike since November 2021.
That is amid muted growth, which will be further worsened by Eskom’s severe power cuts. In turn, the ailing economy will have a hard time digesting more interest-rate pain. ..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.
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