# BetterBond says the latest 25-basis-point interest rate hike will increase monthly bond repayments and put more pressure on homeowners. The prime lending rate has now risen to 10.75-percent. CEO Stephan Potgieter says the increase is a precaution against possible oil price shocks linked to conflict in the Middle East. Potgieter added the resilient rand and easing inflation could help create room for interest rate cuts in future:
BetterBond says latest rate hike will squeeze homeowners [SOUND]
ENG PotgieterOnRepoHike