Surprising rise in the cost of money also by South Africa. The South Africa Reserve Bank (SARB) brought the interest rate to 5,50% from the 5% it had been at since mid-2012. The Bloomberg consensus was for rates to be stuck at 5%.
Rates, shock increase in South Africa: from 5 to 5,5%
The South Africa Reserve Bank (SARB) raised the interest rate to 5,50% from the 5% it had been at since mid-2012.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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