The Reserve Bank has decided to raise the repo rate by 25 basis points, taking it to 5.75%, Governor Gill Marcus said on Thursday.
Today's 25 basis point increase in the repo rate is unlikely to have any impact on South Africa's listed property sector.
On Thursday the SARB Monetary Policy Committee elected not to raise the repo rate which will remain unchanged at 5.5% until the next meeting on the 17th of July.
The Reserve Bank's Monetary Policy Committee (MPC) has left the repo rate unchanged at 5.5% per annum.
Ascension Properties declares a distribution of 19.95c per A-linked unit in the six months to December 2013, compared with 19c in the same period a year ago.
The half point increase in the repo rate announced by the Reserve Bank on Wednesday (29 January 2014) certainly sent a shock wave through markets.
Listed property sector should be able to perform better next year than it did this year, even with the threat of interest rates rising.
The Reserve Bank’s Monetary Policy Committee (MPC) left the repo rate unchanged at 5,0%, in line with the market expectations.

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