Back to News
💰 Business29 May 2026·3 min read·

Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

Source: Mail & Guardian Business
Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount
South Africa's Reserve Bank raised its benchmark interest rate to 7% for the first time since 2023, citing rising oil prices, food inflation, and global economic instability as key risks.
Read full article at Mail & Guardian Business →
💬
Join the Discussion
Discuss in the Business thread
💬 Business Discussion
Discussing: Reserve Bank hikes interest rate for first time si...
0/1000
← Back to News