Boom times just returned for banks - now rate hikes threaten to spoil the party

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The prime interest rate is now 125 bsp higher than the time at which banks saw significant growth in applications for residential mortgages.
The prime interest rate is now 125 bsp higher than the time at which banks saw significant growth in applications for residential mortgages.
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How are SA banks doing?

By all accounts, they are much healthier than a year ago. In fact, in some areas, they are doing even better than they were before the pandemic.

But rising interest rates are complicating their outlook.

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