24 November 2023
The Reserve Bank’s recent interest rate hiking cycle has had the singular focus of dampening demand by making debt more expensive, and in so doing bringing down inflation. This week saw CPI rise to 5.9%, not what the SARB wants to see, and with today being Black Friday will we also see throngs of shoppers storming the malls ready to spend?
These are the mid-rates at 5:40 today:
|USD = R18.83||AUD = R12.35|
|GBP = R23.60||DXY = 103.80|
|EUR = R20.53||Brent Crude = $81.59 per barrel|