The 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.
SARB Governor Lesetja Kganyago told a news conference the committee did not discuss a larger hike than 25 basis points.
We are going straight to economic crisis as food prices n lending rate increase
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
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?
Source: City_Press - 🏆 7. / 72 Read more »
LIVESTREAM | Reserve Bank announces interest rate decisionThe South African Reserve Bank is expected to raise the repo rate. Its Monetary Policy Committee concludes its meeting on Thursday. 💔
Source: eNCA - 🏆 49. / 51 Read more »
Reserve Bank raises repo rate to 4%, as expectedThe SAReserveBank governor KganyagoLesetja announced a 25 basis points increase in the reporate on Thursday, taking the key rate that it lends to commercial banks to 4%. Moneyweb MPCJAN22 SAReserveBank KganyagoLesetja Kwaze kwanyiwa.
Source: Moneyweb - 🏆 5. / 77 Read more »
Reserve Bank lifts repo rate 25 basis points to 4% as inflation remains a worryThe monetary policy committee warned that higher food, fuel and energy prices will keep inflation at elevated levels
Source: TimesLIVE - 🏆 28. / 59 Read more »
Reserve Bank lifts rates again as high inflation takes its tollReserve Bank lifts rates again as high inflation takes its toll - The monetary policy committee has voted to lift the repo rate by another 25 basis points as advanced economies mull policy tightening 😩
Source: mailandguardian - 🏆 2. / 92 Read more »