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ECONOMIC OUTLOOK: Iran War drives June CPI to 5.0% — rate hike likely this week
Daily Maverick
The Sarb’s policy rate is currently 7.0% and the prime lending rate is 10.5%.
A further hike will be an additional burden on hard-pressed consumers and the slow-growth economy.
Much of the blame for this lies with US President Donald Trump and his ill-conceived war on Iran. ...
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