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An increase in the repo rate is possible due to concerns about load-shedding.

The South African Reserve Bank’s Monetary Policy Committee is meeting to discuss their decision on the interest rates that will be announced tomorrow. Econometrix director and chief economist Azar Jammine says there might be a possibility of the repo rate increasing by a quarter-percent. This comes as the inflation rate has been declining for four consecutive months. Jammine said concerns have been raised that load-shedding may lead to an increase in the repo rate.

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