The interest rate cut and your money: 101

PwC believes the Reserve Bank is unlikely to raise interest rates in January.
PwC believes the Reserve Bank is unlikely to raise interest rates in January.

With the unexpected 100 basis points cut in interest rates we have received many questions about how interest rates work and the effect it has on borrowers and savers.

City Press’ personal finance journalists Maya Fisher-French and Mapalo Makhu unpack how interest rates work and do some jargon busting.


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