Interest rate stress won't ease soon, as inflation worries Reserve Bank | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The SA Reserve Bank only expects inflation to 'sustainably' move back to 4.5% – its sweet spot – by the second quarter of 2024. | News24_Business

The third 75-basis-point interest rate hike in a row should be the last of its size for now. But rates may remain at these painful levels for more than a year.

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.

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 ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business We’re hanging on for dear life now

_Business Real inflation is well over that and won’t ever get back to 4.5% They just bluff us with this “basket of goods nonsense”

_Business katli_95

_Business Is there any other way of fighting inflation, a way that can be acceptable in a country like ours, what are the other countries doing right?

_Business Hang in there people

_Business Wow! Powerful predictive models

_Business Just in time for the government to claim the win against inflation, in an election year, how convenient

South Africa South Africa Latest News, South Africa South Africa Headlines