SA Reserve Bank governor Lesetja Kganyago is announcing the repo rate decision.
The bank has hiked rates in all five MPC meetings this year after interest rates had been pushed to their lowest to help consumers cope with the economic damage wrought by the Covid-19 pandemic.
It began its hiking cycle in November 2021 when it raised the repurchase rate to 3.75%. The repo rate is now at% after a 75 basis points increase in September. On the back of this, inflation moderated slightly to 7.6% in August from a more-than-13-year high of 7.8% in July. It was 7.5% in September.READ MORE:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reserve Bank expected to hold the line on aggressive rate hikesEconomists see no wavering from the Reserve Bank when it comes to following its aggressive rate hike path.
Read more »
Rise in private investment and household spending will boost SA growth — OECDParis-based organisation is more optimistic than the Treasury and Reserve Bank about private investment growth
Read more »
LIVE: Sarb’s MPC shares interest rate decision[WATCH] Moneyweb will live stream the SAReserveBank 's MPC statement and repo rate decision today at 15h00. Click the link below to watch: SARBMPCNOV22 Sarb InterestRate
Read more »
Lerato Kganyago and Tebogo Thobejane’s confusing feud | The CitizenThere seems to be no love lost between media personality Lerato Kganyago and podcast host Tebogo Thobejane after the former went public with the fact that they dislike each other. 👀celebrities
Read more »
Kganyago likely to announce interest rate hike, economists hintConsumers and homeowners are warned to brace for another dramatic interest rate hike by the Sarb.
Read more »
Rand trades below R17 to the dollar, ahead of Sarb decision[CURRENCY] The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. Moneyweb Currency
Read more »