Fed hikes 25 basis points as SA braces for higher interest rates

The US Federal Reserve has pushed ahead with its hiking cycle, despite the turmoil in the banking sector. The 25 basis point hike stateside supports another interest rate hike by the South African Reserve Bank. (Photo by Kevin Dietsch/Getty Images)

Domestic inflation has proved to be sticky but the country’s ailing economy may not be able to endure more interest rate pain