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Property News Flash - Interest Rate Cut April 15, 2020

Posted 14 April 2020

The Monetary Policy Committee of the SA Reserve Bank has cut the repo rate by another 100 basis points bringing South Africa's repo rate to 4.25% per annum, the prime lending rate now adjusted to 7.75% per annum.

The rate cut will go into effect on April 15, 2020.

This is the second, 1% cut in less than one month.

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