Big interest rate hike expected

[Jacques Bartleman]

Big interest rate hike expected

Jeff Schultz, senior economist at BNP Paribas South Africa, expects a 75 basis point rate hike and a hawkish statement from the South African Reserve Bank.

 

[3WA]

#debtfree


#ohcrapbutIdon'thaveahouse

 

[backstreetboy]

Hopefully Tymebank finally comes to the table.

 

[ToxicBunny]

inb4 Chicken Little

They should raise it by 70bajillion basis points and just get it over with.

 

[Magnum]

inb4 Chicken Little

They should raise it by 70bajillion basis points and just get it over with.

I'll be Rolling in Cash....

 

[Not_original]

#debtfree


#ohcrapbutIdon'thaveahouse

#slavetolandlorddebt it has its perks though

 

[3WA]

Hopefully Tymebank finally comes to the table.

They've got no reason to. They're still pretty much the best rate for on-demand saving. We'll never see that big gap between them and the next best product again - I suspect it was just a once-off to lure customers.

 

[rvZA]

1000 basis points at a minimum or else they are wasting their time and inflation will just keep skyrocketing.

 

[3WA]

1000 basis points at a minimum or else they are wasting their time and inflation will just keep skyrocketing.

But aren't we already the most expensive country on earth?

 

[Mike Hoxbig]

Must be nice to have your currency as the reserve currency. Print money, push inflation up and everyone buys dollars to bolster it's strength...

 

[backstreetboy]

They've got no reason to. They're still pretty much the best rate for on-demand saving. We'll never see that big gap between them and the next best product again - I suspect it was just a once-off to lure customers.

Doubt they'll want to lose customers.

 

[3WA]

Doubt they'll want to lose customers.

You're getting 6% at Tyme. Where you gonna move? Are you going to a product with a lower rate to spite them?

 

[OhYeah84]

OMFS...luckily it's just a smallish home loan we have. No CCs, no car loans, school fully paid off and no accounts of any kind.
But jeez...does the Government read the news? Have they seen what's happening???

 

[backstreetboy]

You're getting 6% at Tyme. Where you gonna move? Are you going to a product with a lower rate to spite them?

Yes a few in the Tyme thread did exactly that.

 

[rvZA]

But aren't we already the most expensive country on earth?

Yes, and everyone, even the poor are still surviving. Prices still have a lot of room to increase all around without affecting any single citizen. But, why hurry the process with inflation?

 

[Mike Hoxbig]

OMFS...luckily it's just a smallish home loan we have. No CCs, no car loans, school fully paid off and no accounts of any kind.
But jeez...does the Government read the news? Have they seen what's happening???

They don't have a choice. If the US is pushing up their rates, why would anyone choose our currency over theirs unless we offer a better return. If they don't, the rand will weaken more and push up inflation even more...

 

[zerocool2009]

Bring it on! 3% up till Dec 2023! The bigger the quicker!

 

[zerocool2009]

They don't have a choice. If the US is pushing up their rates, why would anyone choose our currency over theirs unless we offer a better return. If they don't, the rand will weaken more and push up inflation even more...

The US is 21 Sept! (Due date to review)

 

[ToxicBunny]

1000 basis points at a minimum or else they are wasting their time and inflation will just keep skyrocketing.

Nah, I was before you this time.. its 70bajillion basis points or GTFO.

 

[Dan C]

But aren't we already the most expensive country on earth?

Don't forget that we are the most dangerous country to live in too and we don't farm tomatoes anymore or fruit.