Reserve Bank lifts repo rate 25 basis points to 4% as inflation remains a worry

The monetary policy committee warned that higher food, fuel and energy prices will keep inflation at elevated levels

2022-01-27 07:19:00 PM

The monetary policy committee warned that higher food, fuel and energy prices will keep inflation at elevated levels

The monetary policy committee warned that higher food, fuel and energy prices will keep inflation at elevated levels

Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDAThe SA Reserve Bank raised interest rates for a second consecutive meeting as it moves to normalise policy from historical lows in a context in which a spike in inflation is prompting counterparts in developed markets to do the same.

After a three-day meeting, the monetary policy committee (MPC) lifted the repo rate 25 basis points on Thursday, as predicted by 15 of 16 economists surveyed by Bloomberg. It follows a similar decision at the policy meeting in November, which was the first increase in three years.

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Repo rate increases by another 25 basis pointsThe Monetary Policy Committee of the Reserve Bank has decided to increase the repo rate by another 25 basis points as expected by economists.

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 😩

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

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. 💔

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.

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.