The path to repo rate cuts ahead of Thursday's announcement
The repo rate has been left at 8.25% for a year now after it was increased by 50 basis points in a shocking move in May last year.
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The repo rate has been left at 8.25% for a year now after it was increased by 50 basis points in a shocking move in May last year.
Consumers are holding their breath to hear if the repo rate will be cut on Wednesday as they struggle to pay their debts.
Higher oil prices and weak rand to push prices to new records this year. Add load shedding, and the cost to produce and buy food goes up too.
Indebted consumers can sleep easier tonight knowing the repo rate did not change, but people with savings will not benefit.
Will the MPC hike the repo rate or not? This is the question o everyone’s lips now that inflation fell to well below the Sarb upper limit.