With interest rate hikes on the horizon, it’s time to pay off your debts

from Julie Brownlee, Fsp Invest to 22 May. 2015

Tags: debts, debt, interest rates, rising interest rates, personal finance, debt and interest rates,

Yesterday, the South African Reserve Bank announced that it was keeping interest rates unchanged for the moment.

But it’s unlikely the bank will be able to do this for the long-term. This is because inflation is starting to creep higher again.

To keep on top of high inflation, the Reserve Bank can increase interest rates. And this is one of the core focuses of the Reserve Bank’s monetary policy.

So with interest rate hikes on the cards, how can you prepare?

Read on to find out…

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