Repo rate hiked by 50bps to 6.75% - As it happened

Dane McDonald and Carin Smith

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Cape Town - All eyes are now turned to Reserve Bank governor Lesetja Kganyago, who is due to announce the monetary policy committee’s latest rates decision at 15:00.

Economists have warned South Africans to expect an interest rate hike of up to 50 basis points as the rand hovers at record low levels.

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