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.
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