MARKET WRAP: Rand rallies below R18/$ after interest rate hike

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Brasil Notícia Notícia

The SA Reserve Bank raised the interest rate by 50 basis points, higher than the market expectation for 25bps

The rand broke below R18 to the dollar on Thursday, firming to a seven-week best after the SA Reserve Bank’s monetary policy committee raised borrowing costs by more than expected.

The Bank raised the interest rate by 50 basis points — higher than the market expectation for 25bps, bringing the central bank’s benchmark repo rate to 7.75%, the highest since 2009...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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARKET WRAP: JSE firms as banking sentiment liftsMoves by policymakers and the purchase of most of bankrupt Silicon Valley Bank’s business offer support
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

MARKET WRAP: JSE firms as global banking fears easeConcerns about higher interest rates pushing the global economy into a recession are still evident though, analysts warn
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »