The real threat to businesses isn’t Covid its interest rates.
It’s inevitable, inflation is just too high.
The reserve bank needs to do something.
Inflation has launched up to 4.9%
It’s just a matter of time.
I don’t have a crystal ball but what I do have is call after call with people over capitalised.
Planning their future based on a 3% interest rate.
It could very well remain that way but if you’re not stress testing your assumptions then you’re putting yourself at risk.
Start the conversation and ask yourself how would you cope when interest rates take off?
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