The decision will take the repo rate at which the Reserve Bank provides short-term money to local banks to 4.75%.
Reserve Bank governor Lesetja Kganyago says that despite the hike – monetary policy in the country remains accommodative. The bank has revised its growth forecast to 1.7% from 2%.South African Reserve Bank MPC announces interest rates:
My heart bleeds out for consumers who are paying house bonds and car installments.💔 Everything is going up yet the salaries of consumers remains the same. MPC reporate reporate SARB
Yhu hay niyasiqhela kodwa
Go tla hwiwa
Mxm
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