Stressed SA households face big hit today, as Reserve Bank contends with global forces | Fin24

Another large interest rate hike looks set to heap more misery on South African households, which are already buckling under a cost-of-living crisis. | HelenaWasserman Fin24

Another large interest rate hike looks set to heap more misery on South African households, which are already buckling under a cost-of-living crisis.

Their only hope now is a reprieve from abroad – hopefully, a sharp slowdown in the US economy in response to rate hikes, or perhaps even a miraculous resolution to the Ukrainian invasion. On Thursday, the SA Reserve Bank is expected to hike rates by at least 50 basis points. After the hottest inflation rate in 13 years was released on Wednesday, some economists are now expecting 75 basis points - the

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