Middle East conflict drives oil, fuel costs, SA consumer inflation
SARB's Monetary Policy Committee has raised the policy rate by 25 basis points to 7 percent.
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SARB's Monetary Policy Committee has raised the policy rate by 25 basis points to 7 percent.
The bank has decided to increase rates by 0.25%, which takes the policy rate to 7%.
The bank announces policy rate decision in Pretoria this afternoon amid rising fuel prices locally.