Kganyago says Russia’s war in Ukraine is likely to persist and cause upward pressure on oil and other commodities that are produced by the two countries.However, he says he expects inflation to return to the midpoint of the inflation target of around three percent in South Africa by 2024.Kganyago says the Monetary Policy Committee is keeping a close eye on inflation.
“In the second quarter of this year, headline inflation breached the target range and is expected to remain above it until the second quarter of 2023. Against this backdrop, the MPC decided to increase the repurchase rate by 75-basis points, to 5.5 percent per year, with effect from the 22nd of July 2022.”
If currently one's car installment is R8000 after this, how much is to be paid. And if the bond is R12000 how much to pay after this increases.? Am glad I am not in that club.
He was actually shouting as always
Salithwala idombolo lase Phala Phala farm
Saze salithwala idombolo...😭😭😭
This is stupidity at its highest. The current Inflation is not due to high consumer spending but due to high costs of fuel. Meaning people have even less disposable income to spend. How will an increase in repo rates going to control this type of inflation? Stupidity by Kganyago!
Where are the food parcels when you need them?
Sembi 😭😭
That's another skivvy that we need to remove when we remove CR.. Infact most of his cabinet must go down with him .. We will leave Motswaledi becos he is an independent thinker
While the government employees wage increase freezed for three years. We are in shit.
I am still waiting for an economist who will explain why the spread between the repo (5%) and interest (9%) rates for banks benefit seeing that the white banks still screw consumers mostly blacks charging them up to 20% interest rates...TreasuryRSA SAReserveBank CoruscaKhaya
PhalaPhalaFarmGate pheonixmassacre CR17BankStatements MarikanaMassacre
I now know why Cyril opted for the mattress, we need to save as much as possible. PhalaPhalaFarmGate
This is too much now will end up with nothing in our pockets like seriuosly