Reserve Bank Governor Lesetja Kganyago warned that the "unchanged stance cannot be maintained indefinitely."
The repo rate can’t be kept on hold at 5.75% and the electricity tariff hike the National Energy Regulator of SA grants Eskom next month will likely determine how soon the South African Reserve Bank increases rates this year.
Eskom posed two major risks — to inflation from the tariff hike and to economic growth through sustained power outages.
Rate hike to hinge on Eskom tariff
Reserve Bank Governor Lesetja Kganyago warned that the "unchanged stance cannot be maintained indefinitely."
The repo rate can’t be kept on hold at 5.75% and the electricity tariff hike the National Energy Regulator of SA grants Eskom next month will likely determine how soon the South African Reserve Bank increases rates this year.
Eskom posed two major risks — to inflation from the tariff hike and to economic growth through sustained power outages.
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