Interest rate hike could put further strain on South Africans: Economist Goolam Ballim - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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ICYMI: Economist Goolam Ballim says South Africans who have not been able to rejoin the workforce due to the negative financial impact of the COVID19 pandemic could experience a further strain on their pockets amid the latest interest rate hike.

Reserve Bank announces interest decision: 27 January 2022“The tragedy is that at least 1.5 million people have not re-joined the labour force after the shock job losses in Quarter 2 of 2020.

The Reserve Bank raising interest rates will also suggest that is going to crimp wallets because servicing costs will rise but the Reserve Bank is also fearful of inflation expectations rising and high inflation becoming sticky or enduring. So by raising interest rates, it wants to anchor inflation expectations so that even though we have this drive in inflation over the last year, it will be temporary,” says Ballim.

 

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They need to stop hiding behind COVID-19 cause citizens don't care much anymore They should stop these mandate and regulations and let us go on with our lives, its ours to lose. The thirst for power has made them leaders blind

When is elections When we gonna put another party to run the country

hills007 and the usual solution would be for the state to provide lee-way to some of the costs via subsidies, because SA is largely importing it's inflation

, Will this 'moon' like wonkeynft project ? Just need to know what do you think about it? before i ape some.. Thanks

As long as Capitalist is in the highest office we're all in shit working or not

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