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Breaking News: SARB Hikes by 50 Basis Points, USD/ZAR Shoots Lower https://www.dailyfx.com/forex/market_alert/2022/05/19/Breaking-News-SARB-Hikes-by-50-Basis-Points-USDZAR-Shoots-Lower-RS.html The South African Reserve Bank hiked rates by 50 basis points in an attempt to calm inflation and defend the value of the ZAR. Growth revised lower, to 1.7% for 2022

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