GROWTH in demand for credit by the private sector quickened in the year to June, data showed today, undermining the case for interest rates to be left on hold next month.
The Reserve Bank has increased rates by a total of 500 basis points since June 2006, partly to curb credit-driven consumer demand that was adding to inflationary pressure.
29 July 2008
Expect A Rate Hike In August
Credit uptick boosts case for rate hike
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1 comment:
I agree, there's probably still a hike or two coming.
Although I suspect we're near the turning point, and that rates should max out before the end of this year, or early 2009.
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