Monday, 19 February 2007

Interest Rates - Up or Down?

According to some sources this week, Tito Mboweni (South Afica's governor of the Reserve Bank) has decided to hold back on interest rates. The Sunday Times newspaper yesterday said that even though the inflation rate targets have been met there is no indication of an interest rate cut anytime soon. There was some speculation of an interest rate hike but according to economists the outlook looks very positive.

Looks like people have also stopped buying so many "non critical" things on their credit cards, our credit growth seems to have eased out a little. This is a positive aspect for interets rate cuts as well.

Nice to See. Well done S.A.

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