Repo rate will rise to 5.5 percent

[rpm]

The repo rate will rise to 5.5 percent, SA Reserve Bank governor Gill Marcus announced in Pretoria on Wednesday.

The repo rate increased by 50 basis points, from its previous level of 5 percent.

 

[MrR]

Sigh...suppose it's about time.
With incoming petrol and electricity hikes, how is this going to curb inflation?

 

[Creag]

It is a far better alternative that the rude shock thrust on the Turks.

 

[Dr Who]

WOW what a start to 2014 - Just when I am bonded to the hilt.....really thought I could eek out until June/July.

 

[IzZzy]

Etolls + accompanying food inflation + petrol price increase + interest rake hike.

With growth at 2.8%, why is SA an attractive investment proposal?

 

[noxibox]

It is a far better alternative that the rude shock thrust on the Turks.

Raising interest rates won't have any positive impact. It never has.

 

[marine1]

Going to be a big **** you year
Proudly brought to you by the anc

 

[marine1]

Raising interest rates won't have any positive impact. It never has.

All it will do is put us under more pressure and in more debt