EPISODE · Jul 22, 2022 · 2 MIN
The repo rate is increased by 75 basispoints
from Die ekonomie minuut · host Waldo Krugell
The Reserve Bank's Monetary Policy Committee yesterday announced the largest single repo rate increase since September 2002 when they increased the policy rate by 75 basis points to 5.5%. In the media, economists give good explanations about why it is important to fight high inflation with high interest rates, but on Twitter people are disappointed and angry. We don't explain as well as we think, so I want to try again. * The Economics Minute is supported by the NWU Business School.
What this episode covers
The Reserve Bank's Monetary Policy Committee yesterday announced the largest single repo rate increase since September 2002 when they increased the policy rate by 75 basis points to 5.5%. In the media, economists give good explanations about why it is important to fight high inflation with high interest rates, but on Twitter people are disappointed and angry. We don't explain as well as we think, so I want to try again. * The Economics Minute is supported by the NWU Business School.
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The repo rate is increased by 75 basispoints
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