While inflationary concerns and global economic impacts remain in the spotlight, the Monetary Policy Committee’s stance to increase the repo rate stable was unexpected, particularly given the sluggish economic growth currently experienced in South Africa, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Golding notes that the South African Reserve Bank has hiked its interest rate by 50 basis points as of 30 January, Governor Gill Marcus announced on Wednesday.
Golding notes that the South African Reserve Bank has hiked its interest rate by 50 basis points as of 30 January, Governor Gill Marcus announced on Wednesday.
