Reserve Bank raises repo rate 25 basis points to 4.25%, citing inflation and war as the biggest threats

The Bank raised its expectations for economic growth to 2% for 2022 from 1.7% at the January MPC meeting, but also ramped up its inflation forecast to 5.8% in 2022 from

The Reserve Bank raised interest rates for a third consecutive meeting as inflation remained at the higher end of the Bank’s 3%-6% target...

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