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Repo Rate increase not good for economic growth
The Reserve Bank's Monetary Policy Committee has decided to hike the repo rate by 25 basis points citing the rising inflation outlook in the longer term due to administered prices. Delivering the committee's decision, Reserve Bank governor Lesetja Kganyago warned that the longer term inflation outlook remains elevated.
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By SAfmThe Reserve Bank's Monetary Policy Committee has decided to hike the repo rate by 25 basis points citing the rising inflation outlook in the longer term due to administered prices. Delivering the committee's decision, Reserve Bank governor Lesetja Kganyago warned that the longer term inflation outlook remains elevated.
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