News Formal

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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

'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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: News24 - 🏆 4. / 80 Läs mer »