JOHANNESBURG - The Reserve Bank is expected to further increase interest rates on Thursday.
Analysts say the central bank won't back down just yet on its hiking cycle, which began in November 2021.SARB's Monetary policy Committee uses interest rates to curb inflation.The prime lending rate at retail banks is currently at 10.5%.
At some point in life we gonna have to go to the SARB and tell them we are unable to pay and there's nothing they will do about.
Tools of tyranny. RepoRate
Thank all the people that where so happy when we where locked down for a flu virus. We've said that this will happen but where told we're putting profits before people's lives. And now?
YAY.
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South Africans are now used to suffering and government is enjoying that
mokhesi_t
Load shedding Water shedding Petrol hikes Interest hikes Retrenchment We are being pushed into depression
This is not just in South Africa, it's happening all over the world.
Why?
You know, we get that due to following or abiding by economics 101 regulations and so forth, that interest rates should hike to sway away from inflation, but can't the reserve bank only increase interest rates in June and December alone.
Those jokers live in a bubble. They have no idea of the real world and the struggles millions of South Africans are facing on a daily basis.
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Our employers will ignore our salary. How will we ever survive this. No electricity to generate business. So no increases in our salaries. All the expenses are going up. At some point we are going to have stop paying the bank. We are cursed here in South Africa.
That's y it must b nationalized to stop this nonsense