South Africa’s central bank raised its repurchase rate by 75 basis points to 5.5 percent on Thursday — the steepest hike in a decade. The body told the aim of its policy was "to stabilise inflation expectations [.] and to increase confidence of hitting the inflation target in 2024."
Reserve Bank of India Governor Shaktikanta Das addressed a host of issues while interacting with the media in the customary post-monetary policy review press conference, which was being after two years. Right from hinting at changing the accomodative policy stance, to pondering over how the impact of the Russia-Ukraine war influenced the central to alter its stand on inflation and growth, Mr Das touched upon some key aspects.
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