n Personal Finance Newsletter - The rate hike in context : why Gill really did it : interest rates

Volume 2014, Issue 398
  • ISSN :



Reading the coverage of the Reserve Bank's decision to raise rates, I've been struck by how (for want of a better word) parochial a lot of the local coverage has been. Headlines like "Interest rate hike to have 'moderate effect' on economy," "Rate hike a blow to housing market?" and "Rand 'recovers' after rate hike surprise," make it seem like the Reserve Bank's decision to hike rates was a primarily domestic decision, motivated purely by South African concerns and of interest only in so far as it affects the local economy.

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