The year started with high inflation, while weak economic growth continues to shape global conditions.
The SA Reserve Bank slowed the rate at which it has been increasing borrowing costs as food and fuel prices start to trend lower and the firmer rand against the dollar.
On the last of its three-day meeting, the monetary policy committee on Thursday lifted the repo rate by 25 basis points .While 11 of 20 economists surveyed by Reuters forecase a rise of 50 bps, eight economists expected rates to be increased by 25 bps and one predicted no change...
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