Guiding consumers since 2009

'SA not reacting to rates'

By Staff Writer

'SA not reacting to rates'

By Evan Pickworth
From Fin24

 
Finance Minister Trevor Manuel has bemoaned the poor transmission between when interest rates are raised to when consumers actually react.
"The response to rate increases is abysmally low," he said.

Justmoney.co.za says:

Well it looks like sounds are being made about another rate hike. So, transfer those credit cards, consolidate your debt, release equity to pay off your borrowings, open a savings account, and know that at least you did something.

 

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