Reserve Bank hikes repo rate up by 75 basis points to 7%
By: Natasha Archary The South African Reserve Bank has announced a hike in the repo rate by 75 basis points from 6.25% to 7%. This will be in effect from 25 November, with three members of the Monetary Policy Committee (MPC) in favour of the 75 basis points increase. Two other members of the MPC would have preferred a 50 basis point increase. The 75 basis points hike pushes the […]