Skip to main content

WATCH | Interest rates set for another hike

It is the last Reserve Bank decision on interest rates this year, and analysts largely agree there will be another hike come Thursday.

 

JOHANNEBSURG - It is the last Reserve Bank decision on interest rates this year, and analysts largely agree there will be another hike come Thursday.

Economists are, however, split on how aggressive the central bank will be in curbing inflation.

Repo rate | MPC meets this week on rates

Some anticipate another 75 basis points increase, while others say the bank may hike the repo rate by a hundred 100 basis points to end the hiking sooner than the end of next year.

In its last meeting, the central bank increased the repo rate by 75 basis points.

With the prime rate set to be hiked from the current 9.75% analysts say consumers may have to hold back this Black Friday.

Paid Content