Interest rate hike expected this week

[BusinessTech]

Interest rate hike expected this week

South Africa is likely to see at least three interest rate hikes in 2022.

 

[RedViking]

New Home Owners

 

[rvZA]

18% interest rates here we come.....

 

[3WA]

But I'm not done revelling in my disposable income yet!

 

[Gtx Gaming]

Maar i just recently bought house and car lol

 

[backstreetboy]

About dang time.

 

[Vox Populi Vox Dei]

I don't think interest rates will have a great effect given much inflation has been attributed to the global supply chain crisis.

 

[randomcat]

Maar i just recently bought house and car lol

Congrats!

GTI?

 

[ToxicBunny]

18% interest rates here we come.....

In what specific time frame do you see 18% interest rates?

 

[Cactus]

In what specific time frame do you see 18% interest rates?

Hopefully never!

 

[rvZA]

In what specific time frame do you see 18% interest rates?

Don't know.... 3-6 years? Nothing will get better the next 3-6 years either. So, let's wait and see.

 

[Pineapple Smurf]

Don't know.... 3-6 years? Nothing will get better the next 3-6 million years either. So, let's wait and see.

Yup, agree

 

[Former member 61586]

fck me.

 

[Steamy Tom]

nice

 

[ToxicBunny]

Don't know.... 3-6 years? Nothing will get better the next 3-6 years either. So, let's wait and see.

Just trying to gauge when you see the world collapsing is all.

Least we have a reference to come back to in 6 years to see how accurate/inaccurate your prediction was.

 

[Pineapple Smurf]

Good for investments right? And bad for home loans?
I can never figure this repo rate stuff

 

[rvZA]

Good for investments right? And bad for home loans?
I can never figure this repo rate stuff

Bad for investments. Bad for any type of debt - home loans, credit cards, personal loans, clothing accounts, etc. Investors tend not to invest longterm where inflation is out of control and interest rate hikes are needed and flee for safer havens, like what is happening in the US markets now. All debt you have becomes more expensive.

Good for those with money in their interest bearing saving accounts.

 

[6spdmanual]

Just trying to gauge when you see the world collapsing is all.

Least we have a reference to come back to in 6 years to see how accurate/inaccurate your prediction was.

Indeed. I have added this thread onto the watch list.

 

[Barbarian Conan]

New Home Owners

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And you see estate agents telling people to buy now while the interest rates are low, because rate hikes are imminent.

 

[randomcat]

And you see estate agents telling people to buy now while the interest rates are low, because rate hikes are imminent.

It's sad but a predict some bargains on houses might be coming up in 2-4 years