Interest Rates | SARB to announce repo rate decision

#eNCA Courtesy #DStv403

JOHANNESBURG - Interest rates will have to be hiked to make inflation more manageable.

Economist Frank Blackmore says the South African Reserve Bank has no other choice.

READ: Interest rates | Inflation still high, rate hike expected

He says while your repayments will increase in the short-term, there are long-term benefits.

Reserve Bank governor Lesetja Kganyago will make the announcement this afternoon.

Watch the video above for more details on this story.

Source
eNCA

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