When prices go up, in most cases consumption goes down, although there are some famous exceptions to this rule.
Figures released this week will give the monetary policy committee a lot to talk about, writes
Maya Fisher-French.
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/ 10 September 2007
In the next year, mortgage borrowers could see R15-billion disappear into the black hole of interest payments. While headlines have been focused on market movements, it is really the interest-rate hikes that have a far bigger effect on the financial well-being of South Africans.