Interest rates are down

[Saffa]

Interest rates are down 50bps (0.5%). This is the start of hopefully 3% inthe next 12 months

 

[semiautomatix]

Well this is a good start. But they reckon not more than 2% though to prevent straining the Rand.

 

[ShaunSA]

Was hoping for 1% but this is better then nothing

Do you have a link Saffa?

 

[Moederloos]

news24.co.za
iol.co.za

 

[Dolby]

Well this is a good start. But they reckon not more than 2% though to prevent straining the Rand.

Are you celebrating ?

 

[Saffa]

I listened on radio, but:

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2440916

should do it

 

[MielieSpoor]

Its not great but its something! Now the Banks just have to drop their rates!

 

[Abe]

Its not great but its something! Now the Banks just have to drop their rates!

They will take a week or so before they do. Make as much money in the mean time. Obviously if they had gone up, it would be increased the same day.

 

[moklet]

Check out your savings on www.loan-calculator.co.za
Tip of the day save your savings and do not spend it

 

[semiautomatix]

Are you celebrating ?

At two percent I'll be over the moon!

 

[Hosehead]

Every bit helps but I'm disappointed the drop is so little though. Not enough for a festive spirit, sorry.

 

[Bondizzo]

Not bad, I really don't care about the interest rate, I just want the rand to get stronger.

 

[RazedInBlack]

Other countries are cutting rates like its going out of fashion. SA is lagging behind as usual.

 

[killadoob]

Other countries are cutting rates like its going out of fashion. SA is lagging behind as usual.

Look at how many banks are in trouble world wide, if it was not our high interest rates our banks would also be, i would love to see it drop more though but some of the rates overseas are a tad crazy if you ask me.