PSA urges Reserve Bank to avoid rate hikes, as public servants face mounting financial pressure [SOUND]

# The Public Servants Association calls on the Reserve Bank to carefully consider the severe financial pressure facing households when deliberating on the repo rate at today’s Monetary Policy Committee meeting. Economists are divided over whether the central bank will hike rates again or leave them unchanged. PSA’s Claude Naicker says wage increases have not kept pace with the cumulative impact of inflation and the sustained increase in the cost of living: