MPC raises repo rate 50 bps to 8.25%, the highest level since 2009
The electricity crisis, a lack of structural economic reforms and resultant weaker rand have left the bank with little choice but to continue its hiking cycle
The Reserve Bank has raised the repo rate by another 50 basis points (bps) to 8.25% as the country battles myriad problems including rolling blackouts, a stagnant economy and a currency at a record low...
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