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Wednesday, November 28, 2012
Thursday, November 22, 2012
The SA Reserve Bank Monetary Policy Committee has left the lending rate unchanged at the meeting this afternoon. This is not the news that the property market was hoping for, but the stability in having the rate unchanged yet again means that buyer's can buy with certainty that the MPC is following a conservative approach.
Especially in these certain times - there has never been a better time to invest in property, and Mc Naught and Company are your experts in assisting you in the property picture.
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.