Interest rate hike in July 2015 follows the pattern of 2014
First National Bank (FNB) will increase its prime lending rate by 0.25% from 9.25% to 9.50% following the decision earlier today by the SARB Monetary Policy Committee (MPC) to increase the repo rate.
FNB/BER consumer confidence plunges to 14-year low
In a quarter fraught with social unrest, political turmoil, frequent power outages and other economic headwinds, results from the 2Q2015 FNB/BER Consumer Confidence Survey show that consumer sentiment nosedived to a 14.5-year low.
FNB/BER building confidence remains flat at 48 in the fourth quarter
FNB/BER building confidence index remains flat at 48 points in the fourth quarter‚ according to the FNB/BER index.
FNB/BER civil construction confidence index firmer in Q3 despite lower activity
Construction confidence rises despite a drop in activity in Q3‚ according to survey.
SA building confidence index rises to 41 from 37
Building confidence index increases to 41 index points in the second quarter of 2013‚ from 37 index points in the first quarter‚ according to a survey by FNB and BER.
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