{"id":28803,"date":"2022-05-20T13:59:36","date_gmt":"2022-05-20T11:59:36","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=28803"},"modified":"2022-05-20T13:59:36","modified_gmt":"2022-05-20T11:59:36","slug":"newsflash-repo-rate-increase","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/newsflash-repo-rate-increase\/","title":{"rendered":"Newsflash | Repo Rate Increase"},"content":{"rendered":"<p>The SARB\u2019s Monetary Policy Committee have taken the decision to increase the Repo Rate yet again by 50 basis points [0.50%] from 4.25% to 4.75%, which will take effect on 20 May 2022.<\/p>\n<p>Therefore, the Prime Rate has also increased from 7.75% to 8.25%.<\/p>\n<p>This is the largest interest rate hike since January 2016.<\/p>\n<p>Contact <a href=\"mailto:info@stbb.co.za\/dev2?Subject=RE:%20STBB%20Newsflash%20Repo%20Rate%20Increase\" target=\"_blank\" rel=\"noopener\">info@stbb.co.za\/dev2<\/a> for any questions or assistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SARB\u2019s Monetary Policy Committee have taken the decision to increase the Repo Rate yet again by 50 basis points [0.50%] from 4.25% to 4.75%, which will take effect on 20 May 2022. 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