RE: South Africa's Interest Rate Hikes Crushing Consumers

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No I mean they already drove inflation and now they are trying to curb it by driving down access to money and demand for credit



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No I mean they already drove inflation and now they are trying to curb it by driving down access to money and demand for credit

I translated that governments and central banks increase interest rates and lending interest rates to curb consumption by the common people.😄

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Not just common people, but businesses too, they are trying to destroy jobs and anything that will help drive down demand for goods and services and increase hoarding of cash

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