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Podcast: Die ekonomie minuut
Episode: If you don't like the higher repo rate, what are the alternatives?
Description: The Reserve Bank increased the repo rate by 25 basis points yesterday. In other words, 0.25 of a percentage point. This means that you will have a slightly larger instalment on your debt. There will be comments today saying that the Reserve Bank has an unhealthy obsession with the inflation target band of 3 to 6%, that inflation is falling, that economic growth has already been knocked flat and now they are increasing the repo rate again. This touches on the debate about the mandate of the Reserve Bank - shouldn't they also be thinking about economic growth and employment? I think Governor...