SOUTH AFRICA: REPO RATE HIKED TO 7.25%
Thu 26 January 2023: The repurchase rate (repo rate) in South Africa reached 7.25% after the SA Reserve Bank’s (SARB) Monetary Policy Committee (MPC) agreed to a 25 basis points hike. The increase means that the repo rate will now be 7.25% per year from 27 January 2023, with prime now at 10.75%. SARB Governor […]
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