Repo rate unchanged… a cut would have been better -property experts

repo rate unchanged a cut would have been better property experts

Sumary of Repo rate unchanged… a cut would have been better -property experts:

  • The decision, says Tony Clarke, managing director of the Rawson Property Group, comes on the back of stronger-than-expected economic growth in the first quarter of 2021, but disappointing recovery in industrial sectors due to ongoing electricity supply issues and recent riot activity.
  • Read the latest Property360 digital magazine belowMORE ON THIS “As long as the economy remains under this level of pressure, it makes sense for the SARB to support investment through accommodative interest rates.
  • Dr Andrew Golding, chief executive of the Pam Golding Property group, also believes a reduction in the repo rate would have “provided some relief to individuals and businesses impacted not only by the effects of the lockdown and recent events but also the increases in fuel and electricity costs and other utility tariffs”.

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