A key change means interest rate hikes are coming for South Africa, say economists

[BusinessTech]

A key change means interest rate hikes are coming for South Africa, say economists

Accommodative monetary policy in the US has been benefiting emerging markets for months, but the tide is now shifting, say analysts at the Bank of America (BofA).

 

[PaulMurkin]

Raising interest rates in a screwed up sh*thole such as this one, will be even worse than the Eskom train smash

 

[backstreetboy]

Nice. About dang time.

 

[3WA]

Okay, put it up, but then we're also gonna need some debtors' prisons.

 

[rvZA]

'cmon CR, you do not have the balls for this! Do it. Do it.

 

[Speedster]

'cmon CR, you do not have the balls for this! Do it. Do it.

You think it's his decision?

 

[Thor]

A lot of new home owners will lose their homes if they hike it hy 2%.

 

[diapason]

A lot of new home owners will lose their homes if they hike it hy 2%.

But it will help a lot of pensioners many of whom have some of their income from interest and had bond rates of up to 25% at times with the usual rate around 14%.

 

[TelkomUseless]

A lot of new home owners will lose their homes if they hike it hy 2%.

Well to be honest.. if 2% makes you lose your house then that was bad planning.

 

[deweyzeph]

Raising interest rates in a screwed up sh*thole such as this one, will be even worse than the Eskom train smash

The consequences if they don't increase interest rates would be even worse.

 

[Thor]

Well to be honest.. if 2% makes you lose your house then that was bad planning.

Do you think SA citizens do good planning?

Interest rates got cut and banks and gurus and media went wild NOW is the time to buy !! crazy talk like a 2 year interest cut will make up for a 30 year bond

 

[Thor]

The consequences if they don't increase interest rates would be even worse.

What are the consequences? Nowhere in history did high-interest rates do any good.

Lower is better, remove fuel levies and you have a roaring economy.

 

[Tman543]

A lot of new home owners will lose their homes if they hike it hy 2%.

I doubt they will increase it dramatically like that, more like 0.25% every 6 months

 

[deweyzeph]

What are the consequences? Nowhere in history did high-interest rates do any good.

Lower is better, remove fuel levies and you have a roaring economy.

Lower interest rates lead to less foreign investment which leads to rand depreciation which leads to higher inflation. Higher interest rates suck for those who've overindebted themselves, but it's great news for investors.

 

[Thor]

Lower interest rates lead to less foreign investment which leads to rand depreciation which leads to higher inflation. Higher interest rates suck for those who've overindebted themselves, but it's great news for investors.

ANC is a bigger risk, our interest rates even at current levels are high AF globally.
The ANC will be the cause of hyperinflation, not current interest rates.