5.5%

The Reserve Bank has hiked up the repo rate to 5.5%. “The MPC [Monetary Policy Committee] has decided to increase the repurchase rate by 50 basis points to 5.5 % per annum as of 30 January 2014,”  Reserve Bank Governor Gill Marcus said following the first MPC meeting of the year. The repo rate – […] MyPE Read more on MyPE. Join the fun: Add Your … [Read more...] about Repo rate increases to 5.5% |MyPE