The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) has voted to hike interest rates by 50 basis points, taking the repo rate to 4.75% per annum. According to Reserve Bank Governor, Lesetja Kganyago, four members of the committee voted for the announced increase and one member preferred a 25 basis point rise in the repo rate.

In this clip, James Turp, Head of the Absa Fixed Income Franchise, shares his insights on the rate decision and the impact on the fixed income market.