Newsletter – 22 July 2022

Property market should remain active despite repo rate hike

CAMPAIGN: Property market should remain active despite repo rate hike
SEND DATE: 22 July 2022

Debt holders face higher repayments following the latest announcement by the Monetary Policy Committee (MPC). The repo rate climbs by another 75 basis points to 5.5%, leaving the prime lending rate at 9%. This is the biggest increase since 2002 when a hike of 100 basis points was affected. It is also the fifth consecutive increase announced by the SARB.

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