Will the SARB increase rates this month?

Will the SARB increase rates this month?

  • Yes, but by more than 50 bps

    Votes: 23 14.6%

  • Yes, 50bps is accurate estimate

    Votes: 103 65.2%

  • Yes, but by less than 50bps

    Votes: 23 14.6%

  • No

    Votes: 6 3.8%

  • Other

    Votes: 3 1.9%
  • Total voters
    158
I expect a 50bps increase tbh... but would be stupidly happy with a 25bps one instead, will give me an extra 3 months to knock more off my bond at a lower rate.

I generally expect it to go up about 100 - 150bps over the next year or 2.
 
Ok, So I completely understand what basis points are and how they affect the world,


But my kid doesnt. Im also too busy to explain to him. Would you guys mind? I mean in terms of my car payments and possible house payments
 
I thought the daily question was for our opinions, not our predictions. I thought MYBB cared to hear my opinions but it seems they just want my predictions based on the expertise I’ve built up over the years :crying:
 
globally it is clear that inflation is out of control

you don't bring that to heel with paltry 0.5% hikes

odds are it can be brought to heel no matter the size of the hike, but to have any hope in hell it is time for shock tactics: 10% hike in one go
 
NarrowBandFtw said:
globally it is clear that inflation is out of control

you don't bring that to heel with paltry 0.5% hikes

odds are it can be brought to heel no matter the size of the hike, but to have any hope in hell it is time for shock tactics: 10% hike in one go
Click to expand...
You also can't control cost push inflation by decreasing money supply. That just leads to recession and stagflation. People are already cutting back on discretionary spending, but the inflation is driven by essentials.
 
marbro said:
Ok, So I completely understand what basis points are and how they affect the world,


But my kid doesnt. Im also too busy to explain to him. Would you guys mind? I mean in terms of my car payments and possible house payments
Click to expand...

If you loan R1mil from the bank then today you pay R8200 per month tomorrow you pay R 8500 with 0.5% increase for a home loan
With a 5 year car loan for R1mil, its R20,200 vs R 20,400 tomorrow

www.ooba.co.za

Bond Repayment Calculator | Easy Bond Calculator

Insert the price of the property you wish to purchase and we will calculate how much your total monthly repayment amount will be.
www.ooba.co.za www.ooba.co.za
 
bchip said:
If you loan R1mil from the bank then today you pay R8200 per month tomorrow you pay R 8500 with 0.5% increase for a home loan
With a 5 year car loan for R1mil, its R20,200 vs R 20,400 tomorrow

www.ooba.co.za

Bond Repayment Calculator | Easy Bond Calculator

Insert the price of the property you wish to purchase and we will calculate how much your total monthly repayment amount will be.
www.ooba.co.za www.ooba.co.za
Click to expand...
So I will break it to him tonight that we arent buying a house
 
marbro said:
Ok, So I completely understand what basis points are and how they affect the world,


But my kid doesnt. Im also too busy to explain to him. Would you guys mind? I mean in terms of my car payments and possible house payments
Click to expand...

In its simplest terms, every 100bps increase equates to a 1% increase in the interest rate on your car/house... so if it was at 9%, a 100bps increase would make it 10%. 25bps = 0.25% increase.
 
Sinbad said:
You also can't control cost push inflation by decreasing money supply. That just leads to recession and stagflation. People are already cutting back on discretionary spending, but the inflation is driven by essentials.
Click to expand...
Arguing inflation/economics with NarrowMind is like arguing with a parrot, it will be whatever RT says is good.
 
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