Reserve Bank signals rates may have peaked

By Staff Writer

Reserve Bank signals rates may have peaked  

By Mariam Isa
From Business Day

Bank cautions euphoria on new inflation basket may be overdone. The Reserve Bank's chief economist Monde Mnyande sent a strong signal yesterday that interest rates may have peaked.

Justmoney.co.za says:

Well you never can know. Last time the MPC was due to meet the Bank was giving out signals of a 200 point hike, which turned into a 50 point hike. This time they hint that rates may have peaked, so we will just have to wait and see. Whatever the Reserve Bank decides to do, there is something that you can do right now. Here at Justmoney.co.za, you can search for a savings account, get a better banking account, and conduct a financial health check.

 

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