S. Africa hit with bigger-than-expected rate hike
By Reuters
11 April 2023 |
5:48 am
South Africa's central bank raised its main lending rate by a higher-than-expected 50 basis points to 7.75% in a decision announced on Thursday.
Related
Related
6 May
Cryptocurrencies such as bitcoin promise quick profits – an attraction that aids scammers fleecing investors of their funds.
4 days ago
With inflation taking a toll on people's finances and amid a growing sense of responsibility towards the climate, second-hand shops are booming across the globe. In France, around 10 percent of clothes each year are now resold, and thrift stores are attracting a wider audience.
2 days ago
The EU and Lebanon have agreed upon an aid package to help the country deal with its financial crisis and high numbers of refugees. Most experts believe the deal could increase, not dampen, irregular migration.
1 day ago
The naira continues to trade around 1,300 against the greenback at the official market this week. Meanwhile, data from the CBN shows Nigeria’s currency in circulation has risen to 3.87 trillion naira at the end of March. Kingsley Nwaiwu, Head of Consumer sector sales, Global Markets at Stanbic IBTC joins CNBC Africa on the FX trading patterns, impact of CBN’s reforms and Nigeria’s drive to increase dollar flows.
2 days ago
Nigeria has announced plans to delist the naira from all peer-to-peer (P2P) platforms. According to the Director General of the Securities and Exchange Commission, the move is to tackle the manipulation of the local currency’s value in the foreign exchange market.
1 day ago
Chad's election results are being disputed after interim President Mahamat Idriss Deby was declared the winner according to provisional results, something opposition leader Succes Masra described as an attempt to "steal" the vote.
Latest
41 mins ago
Ludwig van Beethoven first performed his Ninth Symphony in Vienna in 1824, and created a work for the ages.
41 mins ago
Ukrainian civilians share their experiences of fleeing Russian-occupied territories via the only open border crossing between the two countries.
1 hour ago
A German MEP was hospitalized after a suspected far-right attack in Dresden on Friday. Protests have been called to counter rising right-wing extremism and violence.
1 hour ago
Irakli Kobakhidze rejected US and EU criticism of the controversial bill saying opponents are unwilling to discuss it. Thousands of Georgians took part in fresh protests against the proposed legislation.
2 hours ago
Berlin has summoned a top Russian envoy after accusing Russian hackers of targeting the governing coalition's SPD as well as some companies. The Czech Republic also said its institutions were targeted.
2 hours ago
On Sunday, Chinese President Xi Jinping will come to Europe for the first time in five years, staying in France until Tuesday. Aside from the Ukraine war, technology – computer chips and green tech in particular – could be the most important talking point on the agenda.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.