MPC sees persistent inflation risk, hikes rates to 7%
The MPC said the economy would grow 1.8% in 2022, compared to its previous predictions in September of 1.9% and in July of 2%
24 November 2022 - 15:18
UPDATED 24 November 2022 - 19:33
The SA Reserve Bank raised borrowing costs at the steepest rate in two decades for a third consecutive time, with the rand little changed in response.
At the close of its three-day meeting, the MPC lifted the repo rate by 75 basis points (bps) on Thursday, as predicted by economists surveyed by Bloomberg...
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