Q&A: Reserve Bank’s aggressive rate hikes are what SA needs, says analyst
From the perspective of a different central bank, the ECB has been criticised for not being aggressive enough, says CompareBroker.io’s Jameel Ahmad
05 May 2023 - 05:00
On Wednesday, the US Federal Reserve again raised its benchmark rates by 25 basis points (bps) as it continues to fight decades-high inflation.
The move takes the Fed fund rate to a target range of 5%-5.25%, the highest since August 2007, with analysts saying the market has adjusted its implied terminal rate pricing, with the RMB analysts now seeing the terminal rate at 5.47%...
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