Thursday, November 22, 2012

All Eyes on the MPC

All eyes will be on the SA Reserve Bank's Monetary Policy Committee this afternoon to see what they do with the REPO rate and therefore the prime lending rate as well. The inflation figures for October nearly hit the Reserve Bank's target ceiling of 6% and therefore there is a slim chance of a further interest rate cut.
The property market remaining subdued from the high's of 2006/2007 is hoping for a further rate cut, but will have to wait until the MPC's announcement this afternoon.
We will update you as the announcement comes through.

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