The Reserve Bank's Monetary Policy Committee (MPC) has decided to increase rates by twenty-five basis points. This takes the Repo rate to four percent and the banks' prime lending rate to seven-point-five percent.  The Bank says the current repurchase rate reflects an accommodative policy stance that will keep financial conditions supportive of credit demand as the economy continues to recover. For a look at how the increased repo rate will impact the average consumer, here is Supervisor in the Statistics and Research division at the National Credit Regulator, Bongani Gwexe