repo rate

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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Consumers tighten their belt as recession awaits

Consumers will have no choice but to tighten their belts as the country was hit with another repo rate hike on Thursday. As the economy slips further into a downward spiral, Reserve Bank governor Lesetja Kganyago announced a repo rate increase of 50 basis points to 6.75%. After revising the[…]

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