BREAKING: Reserve Bank hikes interest rates in further blow for South Africans

The Reserve Bank's Monetary Policy Committee has lifted the repurchase rate from 5.5% to 6.25% in a further blow to South Africans in debt.

Sep 22, 2022 - 16:19
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BREAKING: Reserve Bank hikes interest rates in further blow for South Africans

The Reserve Bank’s Monetary Policy Committee (MPC) on Thursday lifted the repurchase rate from 5.5% to 6.25% in a further blow to South Africans in debt.

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The second straight 75-basis point increase returned the benchmark to its January 2020 level.

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The prime lending rate is now 9.75%.

More to follow …

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