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Reserve Bank raises repo rate to 7.25%, adding pressure on indebted households

Reserve Bank raises repo rate to 7.25%, adding pressure on indebted households — photograph supplied by IOL (site feed)

Image: IOL (site feed)

The Reserve Bank’s 25-basis-point hike to 7.25% will raise repayments for households with variable-rate debt, adding pressure as fuel, transport and other living costs remain high.

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