Interest rate hikes on the cards this week, followed by higher fuel prices and rising inflation
Consumers will pay more for cars, houses and credit cards
20 March 2022 - 08:55
Consumers are bracing themselves for an increase in interest rates this week — the second hike this year — as the war in Ukraine threatens higher fuel prices and rising inflation.
South Africans should prepare for a 0.25% basis point increase, with more likely to follow, pushing the repo rate from 4% to 5% early next year, experts say. ..
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