South African Reserve Bank raises rate by 25bps to 7.0% (prev. 6.75%), as expected; decision split - Four members supported a 25bps rate hike; two members favoured keeping rates unchanged

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Kohl's (KSS) executive notes that the consumer remains under financial pressure

Newsquawk Daily US Equity Opening News - 28th May 2026

South African Reserve Bank raises rate by 25bps to 7.0% (prev. 6.75%), as expected; decision split - Four members supported a 25bps rate hike; two members favoured keeping rates unchanged

South Africa’s central bank statement says it sees upside risks to inflation; sees downside risks to growth

Fed's Williams (voter) does not comment on Monetary Policy or Economic Outlook in prepared remarks; inflation likely to peak in the next few months

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