Runaway food and fuel prices along with rocketing interest rates – as central banks tried to curtail inflation – hit households hard.
In South Africa, the prime interest rate was hiked from 7.00% in November 2021 to 10.75% - increasing the monthly repayment on a new R2 million home loan by almost R5 000 in this time. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business SA citizens are forced to live in debt. The entire system sucks (Chicago economics at work)
_Business The poor do not eat inflation targeting. Only out-of-touch-with-reality bookish blacks like mykhails eat inflation targeting, that’s why they support it
_Business That is okay. The pandemic is over
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