South Africans are drowning in debt.
It is therefore unsurprising that everyone and their aunties are obsessed with the interest rate outlook.
The Money Show’s Bruce Whitfield interviewed KPMG Economist Maura Feddersen.
Feddersen said there are a number of myths that people believe about South Africa’s interest rate policy:
The South Africa central bank has an inflation target of 3% to 6%. It is, however, not true that an inflation rate below 6% would necessarily lead to an interest rate cut.
An interest rate hike, contrary to popular belief, is not a given when inflation breaches the upper limit of the target.
Despite people’s fears; a credit ratings downgrade does not inevitably mean higher interest rates.
- It’s untrue that lower interest rates can fix South Africa’s economy.
Listen to an explanation of each of these myths in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
As a small business owner, nobody expects you to be perfect. Because you cannot see them, blind spots could be a real nuisance.
With the political climate as volatile and rife, the US might not be the best country to keep your overseas capital.
Find out how the cryptic currency managed to gain so much momentum so relatively fast and kick yourself for missing out.
The iPhone, Ebay and Facebook, we all know these killer applications but what about their very similar predecessors that flopped.
The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.
The Money Show’s Bruce Whitfield interviews Logan Attorneys Consumer Law Specialist Stephen Logan.
Clinical sexologist Dr Eve shares insights into sexual fetishes and how partners negotiate them in their bedroom and relationship.
A caller wanted to know what the alleged victim had done in order for Grace Mugabe to assault her.
Dr John Sonnenberg voiced his concern that communication in the Helderberg area following the outbreak could have happened sooner.
Mayor of Cape Town speaks to CapeTalk's Kieno Kammies about plans to provide more water amidst the ongoing drought.
Karima Brown says developments in Parliament over the past 24 hours shows the ANC caucus is imploding.
Sikhonathi Mantshantsha says surely as Anoj Singh is on suspension, he should not be talking to Eskom employees.
EWN's Gia Nicolaides says journalists walked out of the media briefing on social grants after waiting for hours for her to arrive.
Shadow Minister of International Relations says Mugabe's case should not be debated any further as she can't enjoy any privileges.