# Union federation SAFTU fully supports COSATU’s call on the South African Reserve Bank not to increase interest rates tomorrow. SAFTU general secretary Zwelinzima Vavi says a further rate hike would Increase the cost of home loans, vehicle finance and household debt repayments, and discourage investment and economic expansion. He says the central bank cannot continue to treat inflation as if it exists in isolation from the social catastrophe confronting the majority:
SAFTU supports COSATU’s call for the Reserve Bank not to increase rates [SOUND]
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