DStv Channel 403 Thursday, 10 October 2024

Discussion | Interest Rates | Reserve Bank cuts Repo Rate

 

JOHANNESBURG - Some relief for South Africans as the Reserve Bank finally announces the much-needed interest rate cuts.

It's cut the repo rate by 25 basis points as predicted by many economists.

READ: South Africans get relief thanks to repo rate cut

The repo Rate currently is now 8%, and the prime lending rate 11,5%.

The cut is the first time in four years.

Daniel Kazadi, director at the SA Property Investor Network shared his thoughts with eNCA.

 

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