If the South African Reserve Bank (SARB) increases the repo rate from 4.12% to 6.1% by how many percentage points ( two decimal places and leave out the percentage sign) did the repo rate increases? Answer

Name: if the south african reserve bank (sarb) increases the repo rate from 4.12% to 6.1% by how many percentage points ( two decimal places
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Question

If the South African Reserve Bank (SARB) increases the repo rate from 4.12% to 6.1% by how many percentage points ( two decimal places and leave out the percentage sign) did the repo rate increases? Answer

Answer 1

The repo rate increased by 1.98 percentage points.