Listen now: Nolwandle Mthombeni on interest hikes and the stability of the financial system

Intellidex senior banks analyst Nolwandle Mthombeni weighs in on the recent interest hikes and what this means for consumers on 702‘s the Money Show with Bruce Whitfield.

“This time around the hikes aren’t because of good economic activity, it is because of supply-side pressure to fund inflation, which has nothing to do with the consumer. So they are fighting something that is not in the natural order of things. As a result the consumer is getting squeezed in a way that was not previously expected by creditors,” says Nolwandle Mthombeni.

Listen to the full clip below: