# Union federation Cosatu has urged the South African Reserve Bank not to increase the repo rate at its upcoming meeting. The federation argues workers are already under pressure from high living costs, mainly due to rising fuel prices. It warns higher interest rates would increase debt, slow the economy and worsen unemployment, which is already extremely high. Cosatu’s Matthew Parks calls for continued fuel levy relief to help ease pressure on households:
Cosatu urges Reserve Bank to keep repo rate unchanged amid cost-of-living pressure [SOUND]
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