SA Reserve Bank raises repo rate to 7.25% as inflation risks grow [SOUND]

# The South African Reserve Bank has raised the repo rate by 25 basis points to 7.25-percent, citing higher fuel prices and growing inflation risks. The decision was unanimous, pushing the lending rate up to 10.75-percent. Governor Lesetja Kganyago told the media inflation is expected to rise above five-percent later this year and early next year before easing as fuel prices come down: