Reserve Bank governor Lesetja Kganyago is on Thursday announcing whether the repo rate will increase.
Economists believe the rate may well increase amid high inflation due to the impact of the Ukraine/Russia war on global supply chains.
Experts say a 50 basis point hike in the repo rate is possible at the May and July meetings of the Reserve Bank's monetary policy committee. The consensus on the previous two decisions was for hikes of 25bp. The repo rate is now 4.25%.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
Repo rate rises to 4.75%, Reserve Bank governor Lesetja Kganyago announces
Reserve Bank governor Lesetja Kganyago is on Thursday announcing whether the repo rate will increase.
Economists believe the rate may well increase amid high inflation due to the impact of the Ukraine/Russia war on global supply chains.
Experts say a 50 basis point hike in the repo rate is possible at the May and July meetings of the Reserve Bank's monetary policy committee. The consensus on the previous two decisions was for hikes of 25bp. The repo rate is now 4.25%.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
READ MORE:
Brace for a bumpy rates ride
BEE is not corruption, says finance minister Enoch Godongwana
We'll redouble efforts to resolve the energy crisis, says finance minister Enoch Godongwana
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos