Money, money, money

[Oneword]

SOUTH AFRICA'S RESERVE BANK RAISES REPO RATE BY 50 BASIS POINTS TO 11.50 PERCENT.

BANK OF NAMIBIA holds RATE

[Admin]

The repo rate is of the credit management tools used by the Reserve Bank to regulate liquidity in South Africa (customer spending). Commercial banks borrow money from the Reserve Bank to cover their own shortfalls. The Reserve Bank only makes a certain amount of money available and this determines the repo rate. If the banks require more money than what is available, this will increase the repo rate - and vice versa.

[Oneword]

From the foregoing it then follows that the higher the "repo rate", the higher the interest rates we as customers will have to pay for overdrafts, bonds, loans, etc ........

[juikk]

terrible, where is this life going to? just when we were getting adjusted to petrol hikes, and extreme prices for very much needed merchandise, not to forget airtime taxes, we get this shock......brace yourself Namibia, the future is seeming more and more troublesome

[Pietro]

Clever boy! Ask for a raise!