Autoridade monetária elevou a taxa em 0,25 ponto percentual, para 7% ao ano, em linha com a expectativa do mercado

South Africans could face higher borrowing costs this week as expectations mount that the South African Reserve Bank will raise interest rates following a rise in inflation to 4%…

The South African Reserve Bank is expected to hike rates to 7% on May 28, its first increase since 2023, as Iran war-driven oil prices push inflation to 4%.