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Homeowners who have been increasingly squeezed by increasing Repo Rates over the last two years were relieved when the SARB Monetary Policy Committee announced that the Repo Rate would hold steady for November.

Many contributing factors came together to influence the MPCs decision, including slightly lower petrol prices and some stability with local inflation stats. The decision lines up closely with the previous MPC meeting and resulted in the same outcome. No change.

The Repo Rate remains 8.25%.

Read More: What is the Repo Rate?