repo rate

The Reserve Bank’s Monetary Policy Committee decided to keep the repo rate at 8.25% despite slightly higher inflation at 4.8%.

By Kouthar Sambo The Reserve Bank’s Monetary Policy Committee decided to keep the repo rate at 8.25% despite slightly higher inflation at 4.8%. This comes after three members of the committee voted to keep rates steady while two members were in favour of a 25-basis point hike. Speaking on VOC’s[…]

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South African Reserve Bank’s repo rate decision awaited amid economic uncertainties

By Lee-Yandra Paulsen The South African Reserve Bank’s Monetary Policy Committee is poised to make a crucial announcement regarding potential changes to the repo rate, with analysts and economists closely watching the economic indicators that might influence their decision. The deliberations are fuelled by a mix of economic factors, including[…]

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Repo rate up by 50 basis points

By Aneeqa du Plessis After much anticipation, The South African Reserve Bank (SARB) has increased the repo rate by another whopping 50 basis points to 7.75%. Commenting on the hike, SA Federation of Trade Unions (SAFTU) said it opposed the latest interest rate hike, as it will have an adverse[…]

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Repo rate increases by 75-basis points

LOCAL Reserve Bank Governor Lesetja Kganyago announced a 75-basis point rate hike effective from Friday. This takes the repo rate to seven percent and the prime lending rate to 10.5 percent Economist Goolam Ballim says that the fact that two members of the Monetary Policy Committee (MPC) were more inclined[…]

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Hike in repo rate to hurt consumers

Consumers can expect to fork out more as food prices continues to swell. This comes as the South African Reserve Bank announced an increase in the repo rate on Thursday. Governor of the South African Reserve Bank Lesetja Kganyago says since the previous meeting of the Monetary Policy Committee, inflation[…]

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