Owing to increasing, food and transport prices, the Consumer Price Index (CPI) in South Africa accelerated from 6,5% to 7,4% in June 2022. As a result, the Monetary Policy Committee (MPC) decided to increase the repurchase rate by 75 basis points to 5.50% per year, with effect from 22 July 2022. With the aid of a diagram, explain how the money market in South Africa will be affected by the MPC's decision to increase the interest rate. The direction of any changes should be clearly indicated by using arrows.

Q: What impact do small business owners have on the country’s economy?

A: The objective of this question is to understand the role and impact of small businesses on a…

Q: In which type of culture do businesses and people make and spend money? economic culture…

A: The question is asking about the type of culture where businesses and individuals engage in economic…

Q: What type of economy does China has

A: An economy is a place where products and services are produced, distributed, traded, and consumed.…

Q: economics for lawyer

A: The law and economy communicates in various ways. Economics and lawyers is the economic survey of…

Q: How do mal-investments wreck the economy?

A: It is very important that investments are made properly in the economy. With proper…

Q: principles that describe how the economy as a whole works

A: Economy Economy is described as the area in which various amounts of consumption, production, and…

Q: OECD's Better Life Index what stands out the most

A: A multinational organization, the OECD has 38 member countries. aims to increase social stability,…

Q: In Canada , who MOST determined who purchases goods and services

A: The exchange market of 'goods and services' comprises of 2 agents like consumers and producers. Both…

Q: Closing Case China's mixed economy

A: The essential issue revolves around figuring out the intricacies and elements of China's mixed…