Should you fix your interest rate | Citypress

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Economists predict that we will see rate hikes at every MPC meeting this year, which means the prime lending rate could end the year at 8.25%.

Back home we have already seen an uptick in inflation with our annual consumer price inflation climbing to 5.9% in December 2021 – the highest annual increase since March 2017 when the rate was 6.

1% largley driven by food and non-alcoholic beverages, housing and utilities and transport.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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