The South African Reserve Bank’s Monetary Policy Committee announced a further increase in the repo rate. In a surprising move, the repo rate went up again by another 50 basis points yesterday. This increase means the rates are at their highest level since May 2009. As per Jacaranda FM, Governor Lesetja Kganyago delivered the announcement … Continue reading South African Reserve Bank raises repo rate by 50 basis points in less than 2 months