The SARB has raised South Africa’s policy rate to 7.25%.
The South African Reserve Bank increased the rate by 25 basis points, with policymakers citing inflation pressures and the impact of higher oil prices and Middle East tensions. The decision was unanimous. CNBC Africa
For South African markets, the decision keeps the rand, bond yields, borrowing costs, inflation outlook, and rate-sensitive JSE sectors in focus.
Follow Market Highlights for the key developments shaping South African financial markets.
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