Rate hike was the right move, say economists
MPC decision driven by ‘global and domestic vulnerabilities’
02 April 2023 - 08:26
The surprise 50 basis point (bp) hike in the repo rate this week was the right call, most economists said, while conceding their forecasts for a 25bp hike were way off the mark.
Efficient Group economist Dawie Roodt said the higher rates went, the more room the central bank had to keep inflation in check...
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