Question

By how many basis points, has the repo rate been increased since May 2022 ?

Hint:

Always remember: \( 100 \text{ basis points (bps)} = 1% \). This unit is used to describe changes in interest rates precisely.

Answer 1

Step 1: Understanding the Concept:
This question asks for a specific numerical value related to monetary policy adjustments made by the central bank.
Step 2: Detailed Explanation:
The paragraph concludes by discussing inflation management. It states: "The central bank has raised the repo rate by 190 basis points in four instalments since May 2022..."
In financial terms, 100 basis points equal 1 percentage point (1%). Therefore, a 190 basis point hike is equal to an increase of 1.9% in the interest rate.
Step 3: Final Answer:
The total increase in the repo rate since May 2022 is 190 basis points.