Interest 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.
The federal reserve bank in the US increased its benchmark interest rate on Wednesday by 0.75%.
Bruce Whitfield speaks to the governor of the SA Reserve Bank, Lesetja Kganyago.
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%.
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.
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
The Mineral Resources and Energy Department said that the weakening of the rand over the past month, along with high oil prices, were the main drivers of the increases.
South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday afternoon at a press briefing.
South African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the reserve bank had decided to keep the repo rate unchanged at 3.5%.
South African Reserve Bank Governor Lesetja Kganyago also said that the effects of the looting would be felt for some time.
Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the monetary policy committee.
South African Reserve Bank Governor Lesetja Kganyago said that there were a number of positive factors after a very difficult 2020.
South African Reserve Bank Governor Lesetja Kganyago said that domestic GDP was expected to grow by 4.2% this year from 3.8% in March.
South African Reserve Bank Governor Lesetja Kganyago said that it would take time for the country to get back to pre-pandemic output levels.
South African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the repo rate would remain unchanged at 3.5%.
Kganyago made the announcement during a briefing on Thursday afternoon.