Browsing: Lesetja Kganyago

South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced an expected 25 basis point hike in interest rates to 7% to help keep inflation in check. This was after the Sarb’s monetary policy committee decided to hike the repo rate by 50

In the second interest rate hike for the year, the South African Reserve Bank’s monetary policy committee hiked the repo rate to 6,25%, governor Lesetja Kganyago announced on Thursday

The South African Reserve Bank’s monetary policy committee hiked the repo rate by 25 basis points to 6%/annum, effective from 24 July 2015, its governor Lesetja Kganyago announced on Thursday. Banks will raise their prime lending and variable mortgage