Friday, 26 June 2009

Interest rates remain unchanged

News Flash: Michael Jackson passed away last night! A sad time in the history of music! A man light years ahead of his time, and the most influencial pop musician of ALL time. His music will sorely be missed by all, but a legacy will always remain!
Tito Mboweni's decision yesterday to keep rates unchanged has shocked some, but with inflation levels staying at around the 8% mark, it's no wonder.

After dropping the interest rate more than 5 times this year already, and inflationary levels not dropping at quite the speed the reserve bank were hoping, Tito's decision remains a solid one.

There's loads of speculation out there with talks about rates going back up and people needing to fix rates now, but with GLOBAL economies sitting at the levels they're currently sitting at, it's not possible. If anything I believe we'll see a another drop in the next month or two and then we'll stabilize!


Evan said...

R.I.P Jackson and Thanks for Update!
Home Advice

ratedetective said...
This comment has been removed by a blog administrator.
cyprus property said...

This is a good update for whom who interest in property.
cyprus property

Raj said...
This comment has been removed by a blog administrator.
costa rica condos said...

I read this blog it is very wonderful blog because blogging is not a easy task thanks for share it.

oglasnik said...


Dan said...

Thank you for the update!
investment manager

Home Loans said...

This is the best way for controlling the inflation rate in the economy

krishbond17 said...

Well, it’s amazing. The miracle has been done. Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.
Best Savings Bonds