'They're killing us': Another repo rate hike on the cards, says Reserve Bank

The South African Reserve Bank announced another interest rate increase by another 25 basis points to 4 per cent, taking the prime rate to 7.5 per cent overall.

Reporate, South Africa

2022-01-27 07:38:00 PM

How will the increase in the interest rate affect your pocket? Following the announcement on Thursday, many mulled over the Reserve Bank's decision to 'throw a curveball' at ordinary locals. Read more👇 RepoRate

The South Africa n Reserve Bank announced another interest rate increase by another 25 basis points to 4 per cent, taking the prime rate to 7.5 per cent overall.

Thursday, January 27, 2022 at 6:24 PMby Tshepiso MametelaThe South African Reserve Bank has announced it will increase the prime lending rate banks charge to consumers and commercial businessesThe central bank's governor Lesetja Kganyago noted the rate hike comes amid global and local inflation price increases

South Africans broke out in a frenzy on social media to react to the announcement of the expected interest rate hikePAY ATTENTION:@brieflyza!PRETORIA - South Africans should make do with the Reserve Bank's decision to hike the repo rate by another 25 basis points to 4 per cent, upping the prime lending rate to 7.5 per cent.

Read more: Briefly News | briefly.co.za »

3 brothers dead, one in hospital after drinking energy drinks

Gauteng Basic Education MEC Panyaza Lesufi has expressed his devastation. Read more >>

Reserve Bank hikes repo rates to 4% | CitypressReserve Bank Governor Lesetja Kganyago told South Africa ns 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?

LIVESTREAM | Reserve Bank announces interest rate decisionThe South Africa n 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.

Reserve Bank delivers 'measured' rate hike to tame inflation risksThe South Africa n 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.

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

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 😩

Another Repo Rate Hike on the Cards, Says SA Reserve Bank:"They Are Killing Us" Thursday, January 27, 2022 at 6:24 PM by  Tshepiso Mametela The South African Reserve Bank has announced it will increase the prime lending rate banks charge to consumers and commercial businesses The central bank's governor Lesetja Kganyago noted the rate hike comes amid global and local inflation price increases South Africans broke out in a frenzy on social media to react to the announcement of the expected interest rate hike PAY ATTENTION: @brieflyza ! PRETORIA - South Africans should make do with the Reserve Bank's decision to hike the repo rate by another 25 basis points to 4 per cent, upping the prime lending rate to 7.5 per cent. Four out of five members of the central bank's monetary policy committee on Thursday voted for the increase,