SARB
The SA Reserve Bank has left the repo rate unchanged at 5.5 percent. While, the prime rate would stay at nine percent. This was in line with market expectations and kept interest rates at its lowest level in over 30 years. This was the third consecutive meeting where it remained unchanged, after it was reduced [...]
Category : Property News
Interest Rates were keep unchanged yesterday, leaving the prime interest rate at 10%. The announcement has increased speculation that we may experience another rate cut later this year. The inflation rate, overall economic growth, and levels of household debt are some of the factors that were considered by the South African Reserve Bank, before making [...]
Category : Home Loans &Property News
The past few weeks has produced some very interesting news regarding the South African property market. Here’s a short round up of what been happening. Interest Rates: Let’s start with the most recent interest rate announcement. The South African Reserve Bank (SARB) surprised everyone when it announced that rates will remain unchanged. Clearly the SARB [...]
Category : Property News &Property Tips