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Governor of South Africa’ Reserve Bank, Lesetja Kganyago says Economic and financial conditions are expected to remain more volatile for the foreseeable future. (ADRIAN DENNIS/AFP via Getty Images)
BANK

Reserve Bank hikes repo rate for fourth consecutive time amid inflation concerns

Economic and financial conditions are expected to remain more volatile for the foreseeable future, says central bank

  • Anathi Madubela
2 min read
MONETARY POLICY COMMITTEE

Mboweni says inflation outlook bleak

The South African Reserve Bank’s Monetary Policy Committee on Thursday decided to increase the repo rate by 50 basis points to 12%.

  • Staff Reporter
6 min read