09/09/2024
"There are many reasons to expect the repo rate to lower, but largely due to the Rand firming up with the advent of GNU and a drop in the fuel price. But don’t expect a spectacular rate cut, say many credible analysts. According to most economists, it will likely be 25 basis points, but that does herald in, as per traditional patterns, the expected incremental decreases in the future."
Will the MPC finally give the property market a break in the shape of a repo rate cut this September? Sharing his insights at REIS 2024, economist Dr Roelof Botha believes so.