JSE slips as investors reassess risk for more rate hikes
The surprise interest-rate increase by the Bank of Canada follows an unexpected rate hike in Australia earlier this week
08 June 2023 - 11:55
The JSE was slightly weaker on Thursday morning while its global peers were mixed as investors digested a surprise hike by the Bank of Canada (BoC).
The BoC announced on Wednesday that it raised the benchmark interest rate 25 basis points (bps) to 4.75%, after its June policy meeting. The decision came in higher than the market’s expectation of 4.5%...
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