The South African Reserve Bank’s Monetary Policy Committee has decided to increase the repurchase rate by 50 basis points to 4.75% per year, with effect from the 20th of May 2022. The reserve bank governor Lesetja Kganyago made the announcement this afternoon.
We bring Chief Executive Officer at Weaver Investment Management Owen Khumalo to weigh in on the South African reserve bank’s Monetary Policy Committee announcement on interest rate.
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