Aug rate hike not a done deal
By Evan Pickworth
While food and transport growth rates were the biggest contributors to an above-consensus inflation reading on Wednesday, they may come off next month, and at the same time higher electricity inflation will then become a factor. All of which makes the upcoming rates decision on August 14 a particularly difficult one to make.
No one really knows what is going through Uncle Tito's head. What we do know is that inflation is up and the policy is inflation targeting through interest rate rises. So, make sure your expenditure is as slim as can be. Check your credit cards, for the best rates you can get. Get insurance quotes and see if you can save. Check out your car finance and cut corners in your costs.