Tag: South African Reserve Bank (SARB) Governor

South Africa’s central bank hikes key rate to 5.5%

South Africa’s central bank raised its key interest rate to 5.5 percent on Wednesday as concerns grew over its weakening currency amid an emerging market rout. The bank hiked its key interest rate – the rate at which it lends to commercial banks – 50 basis points (bps) to 5.5 […]