More bad news for consumers and borrowers. Economists expect a 25 basis point hike in the interest rate this week. The Monetary Policy Committee is meeting and an announcement is expected on Thursday. But economist Dawie Roodt says there is a silver lining.
So we expect the Reserve Bank to increase interest rate by 25 basis points, but expect the Reserve Bank to increase interests rate by another 25 basis points in two months time or so, depending on what happens to inflation,” he said.
“But then I think we would have reached the end of the cycle. From then on I expect inflation to gradually drift lower, and by the second half of this year, there is a good possibility that the Reserve Bank may decide to cut interest rates. So we are pretty close to the up turning point as far as inflation and interest rates are concerned.
Source: eNCA
In other news – Blac Chyna Shares Update on Co-Parenting Relationships With Rob Kardashian and Tyga
Blac Chyna is determined to keep the peace. The reality star, who shares son King, 10, with ex Tyga and daughter Dream, 6, with ex Rob Kardashian, recently shared an update on their existing co-parenting relationships.
Though both Rob and Tyga (born Micheal Stevenson) refuted Chyna’s claim last year that she received “no support” from either, she explained that their bumps in the road have since smoothed over. Learn more
