Ina Opperman
Business Journalist
4 minute read
23 Sep 2021
5:56 pm

Repo rate stays put for now, but prepare for an increase soon – economists

Ina Opperman

We should not be too sure that the repo rate will not increase again soon, economists say, with a November hike not unlikely.

Image: iStock

After the Monetary Policy Committee (MPC) left the repo rate unchanged on 3.5% on Thursday, economists say that if it does not increase by 25 basis points in November, it is likely that it will happen early in 2022. Prof. Jannie Rossouw from the Wits Business School says he expected that it would remain the same and that inflation will also stabilise. “Consumers must remember that it is a forward-looking policy and that the price of goods increases faster than the price of services, but price increases for goods is more noticeable.” He pointed out that Lesetja Kganyago, governor of...