The Reserve Bank still believes that a gradual increase in SA’s interest rates will be enough to keep inflation in check — but it cautioned on Thursday that this might have to change if the Federal Reserve moved faster than expected to tighten monetary policy and if global market conditions became more volatile.
This came as the Bank’s monetary policy committee voted four to one to increase the official repo rate by 25 basis points to 4%, as expected, raising its inflation forecast for this year sharply to 4.9% mainly on higher oil prices, and for next year to 4.5%...
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WATCH | Repo rate increases by 25 basis pointsSouth African Reserve Bank Governor, Lesetja Kganyago made the announcement on Thursday. Funny how this doesn’t help the economy recover Dumb Fcuks SAReserveBank This is not fair
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WATCH | Interest Rates | SARB expected to hike ratesThe South African Reserve Bank is expected to hike interest rates again on Thursday. Should this happen, it will take the prime lending rate at banks to 7.5%. 🥴🥴 🖕🏽 It wasn’t very difficult for me and my family to feed during the pandemic am so grateful to god for letting me come across SarahMich321
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How much more you will pay on your bond after South Africa’s latest interest rate hikeFor most homeowners with bonds, the interest rate hike announced by the Reserve Bank on Thursday (27 January) will mean paying extra on their monthly repayments.
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Reserve Bank hikes repo rates to 4% | CitypressReserve Bank Governor Lesetja Kganyago told South Africans on Thursday that the bank’s monetary policy committee (MPC) decided to increase the repo rate by 25 basis points to 4%, with effect from January 28. 😅😅😅😅 You can't put Zumas face now. It hurts you 🤣🤣🤣🤣 There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about GregsonLillian has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done. We are surely led by aliens making decisions from Stellenbosch and disconnected to South African realities just ensuring WMC banks are profitable..His ramaphosa have fucked up SA and left 46% of SAns unemployed does SAReserveBank have an idea what the impact of the hike will be?
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Reserve Bank delivers 'measured' rate hike to tame inflation risksThe South African Reserve Bank raised its main lending rate on Thursday in a 'measured' move it said should tame inflation risks, the second consecutive hike after slashing rates early in the COVID-19 pandemic.
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Dollar finds buyers as Fed flags hikes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar was perched near a five-week high on Thursday, bolstered after Federal Reserve chair Jerome Powell primed investors for US interest rate hikes beginning in March.
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