The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) on Thursday (21 July), hiked the repo rate by 75 basis points to 5.5% – taking the prime lending rate to 9% – making financing a home more expensive.
The South African Reserve Bank’s Monetary Policy Committee (MPC) has voted to hike interest rates by 75 basis points, taking the repo rate to 5.50% per annum.
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