Repo rate cut by 50 basis points
The South African Reserve Bank (SARB) has cut the Repurchase (repo) rate by 50 basis points.
Repo rate cut by 25 basis points
The Reserve Bank has reduced the repo rate by 25 basis points to 6.25% in line with market expectation.
A year-end confidence boost would have been just what the market needed
Against the backdrop of a persistently sluggish economy, subdued market confidence and lower-than expected inflation.
Jump-start needed for economy, says Dr Andrew Golding
Sentiment is a key driver of investor confidence and the residential property market is no different in this regard.
Marginal uptick in household credit and mortgage balances growth
Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion.
Continued stable growth in household credit and mortgage balances
Growth in the value of outstanding credit balances in the South African household sector (R1 660,9 billion) remained relatively stable in the first four months of 2019, recorded at 6% year-on-year (y/y) at the end of April this year.
South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019
The value of outstanding credit balances in the South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019 (3,9% y/y at end-February 2018), with growth in total credit balances as well as secured and unsecured credit balances remaining unchanged from end-January.
Stable repo rate underpins ongoing resilience of residential property market, says Dr Andrew Golding
With inflation currently below the mid-point of the Reserve Bank’s inflation target and economic growth remaining sluggish, the Monetary Policy Committee kept the repo rate steady at 6.75%, as expected.
SARB hikes repo rate by 25 basis points
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repurchase rate (repo) by 25 basis points, effective 23 November, Governor Lesetja Kganyago announced on Thursday.
South African Reserve Bank interest rate decision likely to keep property market “slowly correcting”
The Firstrand economic team expects a 25 basis point interest rate hike this week when the SARB (South African Reserve Bank) MPC (Monetary Policy Committee) meets to deliberate on interest rates.
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