Mail & Guardian
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Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
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Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher

  • Sheree Bega
5 min read