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The Monetary Policy Committee decided to raise the policy rate by 25 basis points, to 7.25%, effective from 25 September. The decision was unanimous. The committee agreed that the global environment remains challenging and uncertain, with global supply chains disrupted by intensifying conflict in the Middle East as well as the Russia-Ukraine war.
The Monetary Policy Committee decided to raise the policy rate by 25 basis points, to 7.25%, effective from 25 September. The decision was unanimous. The committee agreed that the global environment remains challenging and uncertain, with global supply chains disrupted by intensifying conflict in the Middle East as well as the Russia-Ukraine war. The global shocks continue to hurt the South African economy.
Guest: Dr Azar Jammine - Director and Chief Economist of Econometrix (Pty) Ltd
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