Property experts weigh in on unchanged repo rate
By IOL Reporter | Published Nov 19, 2020
The Monetary Policy Committee has announced that interest rates will remain unchanged, leavingthe repo rate at 3. 5% and the prime lending rate at 7%. While the decision is regarded as disappointing and an anti-climax in a year of record rate cutsproperty professionals are still grateful for the current market conditions that have seen buyinglevels spike over the past few months.