Producer Price Inflation (PPI)

Repo Rate stays at 7%, economy still fragile

South African Reserve Bank (Sarb) Governor, Lesetja Kganyago on Thursday announced the bank decided to keep the repo rate at 7% — with prime lending interest rate at 10.5%.

Bad news as Interest rate goes up

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) on Thursday increased the repo rate by 25 basis points to 6.25%, in a move Governor Lesetja Kganyago citing concerns over a weak rand and rising inflation.

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