Category "Political Impact on Real Estate"

August29, 2024
by Gary

Reserve Bank Holds Rates with Positive Outlook

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee has voted to hold rates for the eighth consecutive time, keeping them at 15-year highs.The repo rate remains at 8.25%, with the prime lending rate at 11.75%, the highest since 2009, in effect since May 2023. This decision aligns with market expectations, as most economists anticipated a hold. It is expected that the SARB will not cut interest rates ahead of the US Federal Reserve.

Business, Economic Outlook 2024, Finance, Financial Planing, Foreign Investment in Real Estate, Icon Property Group Insights, Interest Rate Management, Political Impact on Real Estate, Real Estate, Real Estate Agent, Real Estate Financing, Real Estate Insight, South African Market, Stock