On Thursday, the repo rate is expected to increase by 50 to 75 basis points

Economists expect only a 50 basis point hike in the repo rate on Thursday as the inflation rate remains above the 4.5% threshold and fighting inflation requires synchronized action by all countries. Others say a 75 basis point hike is more likely. The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is meeting on Thursday to decide on the new repo rate. The MPC meets every two months and at the last two meetings decided to increase the repo rate by 75 basis points every hour. Consumers in debt are now waiting with…

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