Roodt says increased interest rates will hurt the South African economy
By Kouthar Sambo "The reason why the South African Reserve Bank has decided to increase interest rates, is because they want to dampen the demand in the economy, and this is a very blunt instrument. It is going to be very painful and bad for the economy and going to result in slower economic growth.” This is according to Economist Dawie Roodt, who went on to say that lower interest rates […]
