NEWS: No Repo Rate Drop – Don’t Expect One Soon
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Financial News
The South African Reserve Bank MPC decided in May 2024 to keep the repurchase rate at its current level of 8.25% per year.
The decision was unanimous and experts are now all agreeing that and drop is a long way off in the future based on the factors that the SARB are taking into account.
It is looking like any drop, if one comes may only be in 2025. This means consumers will remain under intense pressure to service their existing debts.
