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The South African Reserve Bank’s Monetary Policy Committee (MPC) made good on predictions of a 25 basis point increase to the Repo rate, which takes the prime lending rate to 10.25%. “Clearly there are still inflation risks which may incline the MPC towards continuing on a

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While some players in the residential property market have welcomed the Monetary Policy Committee’s decision to leave rates at they are (Prime at 10%), saying it will provide a stimulus to the first-time buyer market, FNB’s John Loos said it will do very little to

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