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SENSEBy Gary Palmer

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Prepare for further interest rate increases

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By Gary Palmer, SENSEBy Gary Palmer
| Personal Finance Verified
By Opinion 56m ago RANDS AND SENSE By Gary Palmer The SA Reserve Bank Monetary Policy Committee’s recent decision to increase the repo rate from 3.5% to 3.75% and subsequently the prime lending rate from 7% to 7.25%, is little surprise as rumblings of an increase have been in the market for some time. An increase impacts finances, affordability and how consumers should be thinking about the future, particularly as regards property.
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