The South African Reserve bank announces a repo rate hike
Since November 2021, when the SARB started raising rates, South Africa has seen a cumulative 375 basis points increase from a low of 3.5% for...
Category : Markets
South Africa hit with bigger-than-expected rate hike
The South African Reserve Bank (SARB) has announced a 50 basis point hike, taking the current prime lending rate from 10.75% to 11.25%. This recent...
Asia-Pacific shares rise as investors digest private survey data on China services
Asia-Pacific markets climbed as investors shrug off the U.S. Federal Reserve’s commitment to higher interest rates in tackling inflation. Mainland China’s Shenzhen Component was up...
Germany plans $194 Billion economic defense shield
The German government has presented plans for an energy relief package worth €150-200 billion ($145-194 billion) as households and businesses are faced with rapidly rising...