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Reserve Bank to decide on interest rate this week
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eNCA - DSTV Channel 403
JOHANNESBURG - A decision of the South African Reserve Bank this week could affect the pockets of millions of South Africans.
In May, the Reserve Bank hiked interest rates for the first time in three years.
READ | Reserve Bank warns of possible ‘food shock’ as repo rate increasesBefore then, rates had been falling.
Between late 2024 and late last year, the bank cut interest rates six times.
But some economists believe the Reserve Bank may keep interest rates unchanged.