/ 22 June 2022

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation Accelerates To A Near Five Year High
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

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