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FNB sends a warning about South Africa | SA News

Luke Fraser
 ·30 Mar 2026

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FNB’s economists have warned that conflict in the Middle East could lead to higher interest rates and lower economic growth, just as South Africa was starting to turn the corner.

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.75% at its March meeting.

This was widely expected due to the war in the Middle East, which has led to a major increase in oil prices and weakened South African assets amid a rise in…

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