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Outrage over Rate hike announcement

By SA Commercial Prop News 2015-11-19 17:39:00  
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South Africa's Reserve Bank’s (Sarb’s) today decided to increase the repo rate by 25 basis points to 6.25%; the prime lending rate is 9.75%. Two MPC members favoured an unchanged stance.

Estate Agents have expressed their disappointment at the decision by Reserve Bank's Monetary Policy Committee to raise interest rates by 25-basis points to 6%.


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