Africa’s Biggest Economy Set to Hike Interest Rates on War Shock as Peers Hold
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Article Excerpt
vi6vbjm(4x{awrj{72v242[5_media_dl_1.png Bloomberg reporting, surveys, re Article content (Bloomberg) — South Africa is poised to join a handful of central banks in raising interest rates to contain the inflationary fallout from the Iran war in coming weeks, even as most peers keep borrowing costs on hold. Article content The conflict that erupted in late February has driven up energy, food and fertilizer costs due to the blockade of the Strait of Hormuz — a key shipping route for about a fifth of the world’s seaborne oil and liquefied natural gas, and a significant portion of crop nutrients. A…
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Jun 3, 2026