What is Repo?
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.
What is the current repo interest rate in South Africa?
4.75%
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decision to hike the repo rate by 50 basis points to 4.75% – taking the prime rate to 8.25% – will make home loan finance more expensive.
How much repo rate increased today?
“Including today’s rate hike, the RBI has raised effective policy rate by 155 bps this year through a series of rate hikes and liquidity tightening measures — i.e. from 3.35 per cent reverse repo to revised 4.90 per cent repo rate.
Is repo rate increased?
The Reserve Bank of India (RBI) has increased the policy repo rate by 0.5 per cent or 50 basis points in the June MPC meeting. The policy rate as on June 2022 stands at 4.90 per cent.