Repo rate
SA Reserve Bank worried about wage hike spiral, say economists
The effects of high inflation have been highlighted as the main reasons that the reserve bank has moved to hike the repo rate, and included in this are...
The repo rate has been increased by 75 basis points to 5.5%, with the prime lending rate now at 9%.
Bruce Whitfield interviews economist Goolam Ballim (Standard Bank) after the Reserve Bank announced a repo rate increase.
Reserve Bank Governor Lesetja Kganyago has announced that the repo rate has been increased by 75 basis points to 5.5%.
Governor Lesetja Kganyago made the announcement on Thursday afternoon.
South Africa has been tracking global inflationary pressures and this country is not unique in seeing prices rise.
Rising fuel prices have been taking their toll on inflation, with CPI at its highest level in 13 years.
South Africa's middle class is having to make major adjustments as the rising costs of fuel, food prices and interest rates impact their way of life. Some of these families and individuals explain how they've had to adjust to their new way of life.
SA Reserve Bank Governor Lesetja Kganyago announced the increase, taking the repo rate to 4.75% and the prime rate to 8.25%.
Higher electricity and fuel prices leading to climbing inflation have been cited as the main reasons why the South African Reserve Bank has hiked the repo rate by 50 basis points.
Bruce Whitfield interviews Citibank economist Gina Schoeman after the South African Reserve Bank announced a repo rate increase.
Governor Lesetja Kganyago made the announcement on Thursday afternoon.
There is consensus that the South African Reserve Bank will increase the repo rate on Thursday afternoon, with the only question being by how much.
He said on Thursday this after announcing that the monetary policy committee had decided to increase the repo rate by 25 basis points.
South African Reserve Bank Governor Lesetja Kganyago said inflation was high due to a number of factors, including high electricity prices.
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
Reserve Bank Governor Lesetja Kganyago announced the MPC's decision on Thursday afternoon.
Reserve Bank Governor Lesetja Kganyago on Thursday announced the MPC's decision in Pretoria.
The Reserve Bank has hiked the repo rate by 25 basis points to 3.75% meaning its now more expensive to borrow money.