Cosatu to engage Reserve Bank on increases in repo rate
Labour federation wants Bank’s interest rate hikes to be eased
01 June 2023 - 19:25
Labour federation Cosatu, an ally of the ANC, has again weighed in on the rising cost of living, calling on the SA Reserve Bank to ease rate increases that have seen the repo rate reaching a level last seen 14 years ago.
It said the Bank needed to play a prominent role in addressing the country’s socioeconomic challenges. The country is beset by persistent load-shedding, rising transport, food, fuel and electricity costs, a stagnant economy and high unemployment. ..
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