Reserve Bank expected to continue to raise interest rates

Business

Johannesburg – The past two years have been very tough due to the Covid-19 pandemic.

But property owners holding a bond have been given significant relief by the Reserve Bank.

In fact, since January 2020, the bank has slashed the repo rate by a record250 basis points to cushion the blow of to consumers.

However, in November last year, the uptick started, and economists agree it is likely to move upwards from this point.

 

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