Interest Rate Hike

[Sparkz0629]

And just like that things got more expensive...

https://www.news24.com/fin24/econom...5bps-biggest-hike-in-almost-20-years-20220721

 

[walterl]

only if you have debt.

 

[Drifter]

only if you have debt.

Not true. If rates go up, everything goes up. Just like with the petrol price.

 

[Former member 61586]

Fck my life.

 

[walterl]

everything goes up all the time anyway, because of inflation. The interest rate hike is to curb inflation, but it means your debt payments go up

 

[Zyzzyva]

Zero debt so i'm not bothered.

 

[boomslang]

Good news! (for me)