Bloomberg Business

Rate Hikes Curb Output for at Least a Decade, SF Fed Study Finds

Central bank interest-rate increases reduce potential economic output for at least 12 years, in contrast to traditional theories of national economies that assume policy is neutral in the long run, Federal Reserve Bank of San Francisco research found.

Eskom Latest: Electricity Outages Ramped Up to Stage 6

Fixed-investment spending in South Africa grew by the most in almost three years in the second quarter as companies and households invested in alternative energy sources because of persistent power cuts.

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