Kaya 959 Kaya Biz

The impact of the interest rate hikes on consumers.

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The governor of the Reserve bank The SARB’s Monetary Policy Committee (MPC), Mr Lesetja Kganyago announced that MPC decided to increase the repurchase rate by 50 basis points to 4.75% per year, with effect from the 20 of May 2022.

We now shift our focus to how the interest rate hike will have a direct impact the pockets of consumers. We are joined by Farzana Botha, from Sanlam Savings for her insights on this.
19 May 2022 5AM English South Africa Business News · Investing

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