How to benefit from stable interest rate

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Johannesburg – The SA Reserve Bank's decision to keep interest rates unchanged gives consumers a timely reprieve as many are likely to be recovering from festive season spending.
 
“Consumers should use this reprieve to get their finances in order ahead of the next Monetary Policy Committee review and the National Budget speech which could see tax adjustments,” says Ester Ochse, channel head at FNB Financial Advisory.

“In an uncertain economic climate, building reasonable financial reserves is very important and consumers should take advantage of every opportunity to do exactly that.”
 
Ochse says consumers should pay attention to the following:

- Closely monitor your budget;

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