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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

mg.co.za

businessday.co.za

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AI · summaries

businessday.co.za3 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.za3 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

SA financial sector at critical crossroads ahead of interest rate decision

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

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

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