Business
Unchanged repo rate tough for those who want to pay off debt─── OWEN KOCK 06:57 Fri, 22 May 2015
Bloemfontein - The fact that the repo rate remained unchanged is positive for the general public, but those who pay off debt will suffer.
This is the word from economist Amelia Morgenrood, in reaction to Reserve Bank Governor Lesetja Kganyago's announcement that the repo rate will remain unchanged at 5.57%.
She says at the moment the repo rate is upwardly revised and prime interest rates will also rise which will have an effect on people making payments into their bonds.
Owen Kock/OFM News
