The SA Reserve Bank's monetary policy committee will meet in November - and there's expected to be more GOOD news for South Africans in debt.
There was good news for South Africans entering the property market as well as those paying off bonds when the SARB cut the interest rate. Image: CanvaThe SA Reserve Bank’s monetary policy committee will meet in November – and there’s expected to be more GOOD news for South Africans in debt.There was good news for South Africans entering the property market as well as those paying off bonds when the SARB cut the interest rate.
As a reminder, there was welcome news in September for those South Africans looking to enter the property market – as well as those currently paying off bonds – when the SARB’s monetary policy committeeThe MPC had hiked interest rates by 475 basis points since 2021, despite keeping the rate unchanged for the prior seven meetings – until the most recent announcement.
“We expect the next two or three prints; that they could have a three handle on them, and that provides policy space for us,” Kganyago told South African lawmakers in Cape Town on Thursday.– on the assumption there are no further rate changes during that period.
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