S. Africa increases repo rate, first time in three years
JOHANNESBURG: South African Reserve Bank decided to increase the repurchase rate starting Friday by 25 basis points to 3.75 percent, the first time in three years, its governor Lesetja Kganyago announced on Thursday. Kganyago cited inflation as reason of the hiking. “Inflation risks have increased and the level of policy accommodation remains high. Against this … Read more