💨 Abstract

South African homeowners anticipate potential financial relief as the South African Reserve Bank (SARB) may cut the repo rate during its upcoming meeting. Economists suggest that a rate cut could lead to lower bond instalments, saving homeowners hundreds of rand. While inflation is within target and other central banks have cut rates, SARB's cautious approach due to global uncertainty might delay this relief. The Monetary Policy Committee's decision is awaited, with potential rate cuts in the coming months.

Courtesy: Jenna Solomon