MacJin Private Office
Repo Rate Unchanged !
Updated: Jun 13, 2021
In line with economists’ predictions, the Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5%, and, thus the prime lending rate also remains unchanged at 7%. Making the announcement, Governor Lesetja Kganyago said that projections of future inflation have broadly stabilised at around 4.0% for 2021 and 4.2% for 2022.
“This is a crucial time for South African property owners who should also be preparing for municipal tax hikes, planned for July, and the potential of higher fuel prices,”
Read full article at https://www.privateproperty.co.za/advice/news/articles/repo-rate-unchanged/8131?mc_cid=85d34ec563&mc_eid=f2a465fd18.