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

25 May 2023 - 15:20 By Andrew Linder

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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