Kaya Biz: South Africans should expect higher interest rates this week
Kaya 959 Reporter The South African Reserve Bank's Monetary Policy Committee (MPC) is expected to announce an interest hike this week, analysts say. The bank’s monetary policy committee is set to meet this Thursday and analysts are forecasting another 25 basis point hike of the repo rate, which affects the cost of borrowing. This increase is expected to bring the repo rate to 4.25%. Kaya Biz with Gugulethu Mfuphi spoke […]