Tough times ahead as interest rates are likely to rise through the year
Borrowing costs up, along with inflation and unemployment
15 January 2023 - 06:42
The Reserve Bank is expected to continue hiking the repo rate this year and economists expect a maximum increase of 75 basis points (.75%), starting with a possible increase of 25 basis points later this month.
Raymond Parsons, economist at the North-West University School of Business and Governance, said this week borrowing costs would continue to rise in 2023, though at a likely slower rate. ..
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