Sarb ups repo rate to 7.25%

[Smiggles]

Sarb ups repo rate to 7.25%

Taking the prime lending rate to 10.75%.

www.moneyweb.co.za

As widely expected, South African Reserve Bank (Sarb) Governor Lesetja Kganyago announced a 25 basis-point hike in its benchmark repo rate on Wednesday.

This is the second increase this year, taking the rate to 7.25%, while the prime interest rate for commercial banks will increase to 10.75%.

 

[Werner1975]

It was on the cards caused by the high fuel prices.

 

[FiestaST]

Third time I'm linking it.

https://twitter.com/x/status/2102746842245018011