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Famous 19th century American poet, Emily Dickinson, once said, “Behaviour is what a man does, not what he thinks, feels, or believes”. It is this notion that pervades throughout human history as our actions determine our outcomes, which are ultimately driven by our behaviour. When it comes to seemingly analytical and objective financial decisions like how to invest your money, behaviour tends to come at a price.
The monetary policy committee (MPC) increased the repo rate by 50 basis points (bps) or 0,5%. The increase will see the repo rate increase to 4.75% per year. This was the third consecutive increment following two 25 bps hikes in November 2021 and in January 2022 respectively.
The strongest deterrent against FSP compliance missteps is or should be: