Nick Hedley | Why the Silicon Valley Bank implosion could provide relief to SA | Business

A 4.5 percentage point increase in US rates in little over a year was bound to cause problems – at least in hindsight. But there are some silver liningsThe implosion of Silicon Valley Bank might end up providing some much-needed relief to South African consumers.

Over the past year, interest rates have skyrocketed as central banks desperately tried to prevent inflation from getting out of control in the wake of Russia’s invasion of Ukraine.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.

nickhedley You need to choose, either a climate expert, eceonomic expert or banking expert. Because we do not believe everything you are saying

nickhedley I hope you are right Nick otherwise you should definitely stick to knitting

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