Reserve Bank green-lights interest rate lift-off

The South African Reserve Bank’s monetary policy committee (MPC) has voted to hike the repo rate by 25 basis points amid higher global inflation. The committee’s decision was not unanimous, with three members voting in favour of a hike with two preferring an unchanged stance.

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Sarah Smit
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.

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