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Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDA
Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDA

The SA Reserve Bank raised the repo rate by 50 basis points (bps) to 7.75% on Thursday in a surprise move that overshot expectations of a 25bps increase. Business Day TV unpacked the move with senior economist at BNP Paribas, Jeff Schultz.

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