By Sifiso Sibandze
EmaSwati are set to feel more pain in the coming months as the Central Bank of Eswatini (CBE) on Friday hiked the bank rate once again by 25 basis points, taking the repurchase rate to 6.75 per cent from 6.5 per cent.
This means that the prime lending rate in the country will increase from 10.0 per cent to 10.25 per cent. CBE Governor Dr Phil Mnisi said the changes will come into effect from 28 January 2023.
Way ahead of the Monetary Policy Consultative Committee (MPCC) The Eswatini Financial Times reported on January 20, 2023, that many economists predicted a hike of between 25 – 50 basis points.
