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Interest rates: The big consumer squeeze

Financial pressure mounts as shrinking salaries, rising living costs and record debt levels collide with growing expectations that the Reserve Bank could hike interest rates today.

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iol.co.za

businessday.ng

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AI · summaries

businessday.co.za1 mesi fa

WATCH | Reserve Bank hikes rates as inflation risks intensify

Business Day TV spoke to Sanisha Packirisamy, group economist at Momentum Investments, and Gina Schoeman, economist at Citi

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mg.co.za1 mesi fa

Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

South Africa's Reserve Bank hiked the repo rate 25bp to 7% — first increase since 2023 — as oil near $100/barrel drove CPI to 4% and fuel inflation surged 11.4%. The move tightens business credit and household budgets; the bank's models project one more hike this quarter, with a worst case of three additional increases if inflation tops 6%.

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Interest rates: The big consumer squeeze

Confronto fonti

WATCH | Reserve Bank hikes rates as inflation risks intensify

Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

Timeline cronologica

Inflation rate and oil overshadow financial markets

SA financial sector at critical crossroads ahead of interest rate decision

SA Reserve Bank warns more interest rate hikes on the cards if inflation risks worsen

South Africa’s Reserve Bank hikes key interest rate to 7% as inflation risk intensifies - Businessday NG

Consumers brace for June squeeze as rate hike looms and fuel relief ends

Home loan pain ahead? Economists warn of looming interest rate hike

More woes for consumers as interest rate hike looms and fuel levy relief comes to an end

Interest rate hike fears grow as inflation hits 19-month high

Households under pressure as SA heads into May MPC rate decision

Interest rates: The big consumer squeeze

Brace for interest rate hike, but fuel cost could drop

South African property market braces for interest rate hike as SARB decision looms

South African interest rates expected to rise amid global inflation concerns

Stagnant salaries: More financial strain as interest rates are expected to rise

Interest rate hike looms as inflation hits 19-month high

Rates up, so are your debt repayments

Sarb hikes rates as inflation risks intensify amid Middle East crisis

South Africa’s Reserve Bank hikes key interest rate to 7% as inflation risk intensifies - Businessday NG

Interest rate hike increases strain on South Africa’s property market affordability

Consumer finances set for tight squeeze as SARB MPC hikes repo rate

South African Reserve Bank raises repo rate: What it means for consumers

Consumers brace for tight squeeze as SARB MPC hikes repo rate