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.

 

Recent Articles

Featured Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Claiming from RAF – should you lawyer up?

A claim against the Road Accident Fund (RAF) can take up to five years before settlement. In trying to secure payment faster, should you appoint a lawyer rather than approaching the RAF directly?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide