South African homeowners and prospective buyers eagerly await the SARB's first monetary policy meeting of 2025, hoping for further interest rate reductions. Economists predict a 25 basis point cut in January, offering potential relief for the property market.
The South Africa n Reserve Bank's ( SARB 's) monetary policy committee (MPC) will convene for its first meeting of 2025 on Thursday, January 30th. This meeting is generating significant anticipation, particularly among South Africa n homeowners and prospective first-time buyers, as there is widespread optimism that it could bring further positive developments for the property market .
Economists largely concur that recent months have witnessed inflation figures falling below expectations, providing the SARB with the leeway to reduce interest rates. While a full 50 basis point cut is considered unlikely in January, a more probable scenario is a 25 basis point reduction this month, potentially followed by a similar decrease at the March meeting.The MPC, responsible for setting the country's repo and prime lending rates, meets every other month to announce any adjustments. The upcoming meeting takes place amidst a backdrop of economic uncertainty, with various factors influencing the SARB's decision-making process. The impact of global events, local inflationary pressures, and the overall health of the South African economy will all be carefully considered as policymakers determine the most appropriate course of action
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