Household resilience at risk of rate hikes

Financial health in South African households remained stable, and even somewhat upbeat in the first quarter of this year, according to the latest Altron FinTech Household Resilience Index. However, global financial institutions, including the bank of Canada, are now accelerating interest rate hikes by 100 basis points in efforts to contain inflation. Could this hurt resilience for households going forward? CNBC Africa is joined by Dr Roelof Botha, an Independent Economist who compiled the index for more.
Thu, 14 Jul 2022 16:08:38 GMT

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