Another SARB repo rate hike to manage rampant inflation
Another SARB repo rate hike? The last 16 months have been an economic rollercoaster. As the global economy recovered from the COVID-19 pandemic, Russia invaded Ukraine, surely to force world economies to contend with cost-push inflation. This is rampant inflation that it is likely to cause stagflation or prolonged recessions.
By Humphrey Theodore K. Ng'ambi · Head of IT, Marketing & CX
Published · Updated
Another SARB repo hike? The recent 16 months have been nothing short of an economic rollercoaster. As the global economy was recovering from the COVID 19 pandemic, Russia invaded Ukraine in Feb 2021. An event that sent supply shock waves across the globe. This implied that sooner than later world economies would have to contend with cost-push inflation. This is a notorious kind of inflation and history shows that it causes stagflation or prolonged recessions.
Inflation vs. Rate Hikes
SARB Rate Hike July 2022: What is keeping inflation on the rise?
