SARB hikes interest rates by 0.25%

The Reserve Bank's monetary policy committee (MPC) has voted to increase the repo rate by another 25 basis points to 4.25%, with effect from the 25th of March 2022. Three members of the Committee preferred the announced increase and two members preferred a 50 basis point rise in the repo rate.

As a result of the hike, the prime lending rate will rise to 7.75% from 7.50%.

Read the full MPC statement

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