Monday, 26 March 2018 20:18
The SARB MPC is expected to announce a 25 basis point reduction in its policy Repo rate on Wednesday, boosting consumer confidence and housing demand mildly
Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%.
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