Sat Dec 10 20:29:02 SAST 2016

No relief yet

By unknown | 2008-09-29 00:00:00.0 | COMMENTS [ 0 ]

Households' financial health is expected to continue taking strain well into the new year, when the first signs of looser monetary policy are expected to alleviate some tension, say Standard Bank's economists. Embattled by tight credit conditions, consumers face the painful task of keeping their (credit) accounts in good standing. They said that while we have potentially seen the peak of the tighter monetary policy cycle, with a less stringent financing environment in the offing in the second quarter of 2009, consumers would have to endure the tough conditions for a little longer. - I-Net Bridge

Households' financial health is expected to continue taking strain well into the new year, when the first signs of looser monetary policy are expected to alleviate some tension, say Standard Bank's economists. Embattled by tight credit conditions, consumers face the painful task of keeping their (credit) accounts in good standing. They said that while we have potentially seen the peak of the tighter monetary policy cycle, with a less stringent financing environment in the offing in the second quarter of 2009, consumers would have to endure the tough conditions for a little longer. - I-Net Bridge

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