24 Nov 2021

Reserve Bank raises Official Cash Rate to 0.75 percent

From Checkpoint, 5:19 pm on 24 November 2021

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The Reserve Bank is hiking the OCR for the second time in two months. The Official Cash Rate is up by a quarter of a percentage point to 0.75 percent - the highest rate since February last year.

The move was expected, but with more rises on the way, experts are warning pressures lie ahead for businesses and home owners.

Here's our business reporter Anan Zaki.