💨 Abstract

The South African Reserve Bank's MPC met and decided on a 25 basis point cut in interest rates, reducing the prime lending rate to 11%. This rate cut will result in lower monthly bond repayments for homeowners and those entering the property market, with a saving of R249 per month on a R1 million bond.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖