Uncle! Uncle!
Tito hints at huge hike
- IOL
No more, Tito! No more!
South Africans (and indeed the world) are reeling in the face of economic hardship and I agree with Oelschig that raising interest rates will only worsen the situation and not improve it!
Tito (and the monetary policy committee) are looking at the picture in South Africa without taking into account the bigger picture of world economics.
I truly doubt that anything, anyone does will overly change their minds, but I hope to God that the rate only goes up by a max of 100 basis points!
