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Maroc Maroc - CAPETOWNETC.COM - A La Une - 02/Feb 18:00

Quick explainer: Interest rates and how they affect you

Words:  GroundUp Staff / GroundUp On Thursday the Monetary Policy Committee (MPC) of the Reserve Bank announced that the key interest rate it sets, the repo rate, would drop from 7.75% to 7.5%. What does this mean and why does it matter? What is the repo rate? The repo (repurchase) rate is the interest rate that the Reserve Bank charges for money...

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