Interest rates..going up?

[Lord Anubis]

Interest rates..going up again soon???

Anyone got any inside info???

This is sure to start becoming a hot topic in the next few days/week!!!

Will Robweni send us another tub of vaseline??

 

[xrapidx]

I also heard it might go up... doesnt bother me though... I cant afford debt

 

[Lord Anubis]

... I cant afford debt

 

[Darth Garth]

We are in a upward cycle again.

 

[lion_fish]

And up and up and up and up and up...

I'm willing to bet he won't stop til he gets it to about 18,5%.

 

[xrapidx]

Look at the bright side.. the credit interest rate also goes up Doesn't it?

 

[lion_fish]

Look at the bright side.. the credit interest rate also goes up Doesn't it?

You gotta have a positive balance first! LOL!!!

 

[shadowfox]

Too many increases ... there were two in August ... :-|

 

[WickedWeasel]

Yip it will go yo .5%.

People are spending to much, and the NCA act does not seem to be stopping them.

 

[Frankie]

I have a new bond account with ABSA and the second payment (Aug) increased by R440.00/Month.
If it keeps going like this I expect many households budgets will be out the window.

 

[flarkit]

I have a new bond account with ABSA and the second payment (Aug) increased by R440.00/Month.
If it keeps going like this I expect many households budgets will be out the window.

In a similar boat (bought our 1st place in May) and watched the repayments climbing. There goes my hopes of paying in extra every month. Why don't they increase rates for luxury cars??? There are BMW dealerships popping up faster than mini-supermarket shopping-centers!

 

[Frankie]

Why don't they increase rates for luxury cars???

They do, but it does not have the same impact on the guys that drive those cars as they're not normally on a tight budget like most of us.

 

[shadowfox]

Awesome .... so they can afford to pay even more then ...

 

[noxibox]

Falling factory inflation brightens rates outlook

 

[Lord Anubis]

Falling factory inflation brightens rates outlook


.......Analysts say the Bank is likely to consider growing evidence that higher lending rates are curbing consumer demand.


“We believe that the Reserve Bank’s monetary policy committee will keep rates unchanged through the rest of this year as the full impact of previous interest rate increases on the economy is assessed,” Nedbank said. “...

There may be hope

 

[Lord Anubis]

oh ja..@ Robweni kiss it dude (l)