The Reserve Bank has cited continued high oil prices as a key factor in its decision to increase the policy rate - formerly known as the repo rate - by 25 basis points to seven point two five percent meaning the prime lending rate will increase to 10 point seven five percent. This follows a meeting of the Bank's Monetary Policy Committee. The increasing oil prices are linked to continued hostilities in the Middle East and Russia's full scale invasion of Ukraine. The Reserve Bank says the inflation rate is expected to  increase to above five percent later this year or early next year...Ernest Timbane a burisana na mukondloteri wa nhlangano wa COSATU epalamende, Matthew Parks.

<p>The Reserve Bank has cited continued high oil prices as a key factor in its decision to increase the policy rate - formerly known as the repo rate - by 25 basis points to seven point two five percent meaning the prime lending rate will increase to 10 point seven five percent. This follows a meeting of the Bank's Monetary Policy Committee. The increasing oil prices are linked to continued hostilities in the Middle East and Russia's full scale invasion of Ukraine. The Reserve Bank says the inflation rate is expected to &nbsp;increase to above five percent later this year or early next year...Ernest Timbane a burisana na mukondloteri wa nhlangano wa COSATU epalamende, Matthew Parks.</p>

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Munghana Lonene FM Current Affairs.

Mukondleteri wa nhlangano wa COSATU epalamende, Mathew Parks a angula eka kuva Komiti ya milawu ya timali eka bangi ya le xikarhi ya Reserve yi tlakusile mintswalo ya vulombisi