Lesetja Kganyago, governor of South Africa’s central bank, speaks during a news conference following a Monetary Policy Committee meeting in Pretoria, South Africa. (Photographer: Waldo Swiegers/Bloomberg)

South Africa Raises Interest Key Rate First Time Since 2016

(Bloomberg) -- The South African Reserve Bank increased its benchmark interest rate for the first time in more than two years as it sees inflation risks remaining elevated.

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