Was the Sarb’s 50 basis points interest rate hike the right call?

The Money Show’s Bruce Whitfield interviewed Trudi Makhaya, an Independent Economist.

Makhaya discussed the Monetary Policy Committee’s interest rate decision.

South African Reserve Bank (Sarb) governor Lesetja Kganyago announced a repo rate hike of 50 basis points on Thursday.

Whitfield also spoke to Philip Haslam, Co-founder of the Monetary Justice Project (a think-tank on currency reform) and author of "When Money Destroys Nations".

Scroll down for quotes from the audio below.

They went for 50 basis points to ensure they’re insulating the economy against more inflation.

Trudi Makhaya

This was the right call. There was even a possibility of raising by 100 basis points.

Trudi Makhaya

This hike shows a level of institutional independence.

Trudi Makhaya

Inflation affects everyone.

Philip Haslam, Co-founder of the Monetary Justice Project

Inflation equals increased poverty.

Philip Haslam, Co-founder of the Monetary Justice Project

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