Repo rate rise warning



May 19, 2016
Repo rate rise warning

Repo rate hike could be last straw for SA consumers.

A fourth consecutive repo rate hike since November could be the final straw that breaks the consumer’s back.

DebtBusters warned that such a move would be of utmost concern to consumers in light of the burden of increasing food, electricity and fuel costs.

The Reserve Bank’s Monetary Policy Committee could announce a repo rate increase today, but economists are optimistic that the bank will instead keep rates on hold.


The Reserve Bank has raised the repo rate by a cumulative 75 basis points this year, with the latest 25 basis point increase to 7 percent coming in March

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