The end of interest rate hikes? Not so fast | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

'Have interest rates peaked? The answer is a resounding 'no',' governor of the South African Reserve Bank Lesetja Kganyago told journalists on Thursday. 'Is this the end of the hiking cycle? No, it is not.' | HelenaWasserman

"Have interest rates peaked? The answer is a resounding 'no'," governor of the South African Reserve Bank Lesetja Kganyago told journalists on Thursday."Is this the end of the hiking cycle? No, it is not."set on hiking rates? The answer cannot be a resounding"yes", either.

After all, the Reserve Bank also announced that it downgraded its forecast for 2023 headline inflation while also lowering its food inflation forecast from 10.8% to 10.3%. Inflation is clearly cooling faster than it previously expected. This contributed to its decision to leave rates unchanged.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Division now over whether Reserve Bank will hike interest rates | BusinessEconomists are divided over whether South Africa’s central bank will pause interest-rate increases on Thursday, or extend its longest phase of monetary tightening since 2006. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »