South Africa's Rand Plummets as Central Bank Hikes Interest Rates | World Business Watch
South Africa's rand hit another low on Thursday after the country's central bank raised the interest rates to curb inflation. the rand fell by more than 2.6% to a record 19.7640 per dollar after South Africa's central bank raised the interest rates by 0.5% to 8.25%.
#southafrica #southafricarand #businessnews
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