Ill-timed repo rate increase, says Dr Andrew Golding
With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost business and consumer confidence at a time when it is needed most, says Dr Andrew Golding, CE of the Pam Golding Property group.
Reserve Bank keeps Repo rate to remain unchanged
The repo rate will remain unchanged at 6% per annum, Reserve Bank Governor Lesetja Kganyago said on Wednesday.
MPC hikes Interest rates by 25 basis point to 6%
The South African Reserve Bank’s Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by 25 basis points from 5,75% to 6% per annum.
Repo rate to remain unchanged at 5.75%
The repo rate is to remain unchanged at 5.75% per annum, the Reserve Bank said.
Reserve Bank keeps repo rate unchanged at 5.75%
The Reserve Bank has kept the repo rate unchanged at 5.75% per annum.
Unchanged repo rate widely welcomed by the property market
The repo rate is to remain unchanged at 5.75%, Reserve Bank Governor Lesetja Kganyago said.
John Loos discusses how interest rate levels affect the household sector
How appropriate are interest rate levels for the household sector?
Repo rate remains unchanged at 5.75%
The repo rate will remain unchanged at 5.75%, new Reserve Bank Governor Lesetja Kganyago.
Repo rate unchanged, GDP forecast revised down
The Reserve Bank on Thursday kept the repo rate unchanged at 5,75% per annum amid concerns over inflation and economic growth.
Property sector records weighted average distribution growth of 12.6%
Well-established property counters have posted strong annual results over the past few weeks.
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