So in the end Tito Mboweni only raises the repo rate by 50 basis points. What a relief.
He said in his speech that he was misunderstood when he made the comment about 200 basis points, well Tito, maybe you should think before you speak, you are after all in a position that can cause panic if you just say things without thinking.
Well so now we hope that by the next monetary meeting that inflation gets better so we can start to see an interest rate decline, but don’t hold your breath. As long as oil goes up, food gets more expensive, and we get punished. Isn’t that great. Maybe we should all sell our cars and start walking to work, at least we’ll be saving the environment as well.
Well seeing that the interest rate is up again, the buyers market is getting stronger and property is getting cheaper. If I could give my two cents worth, if you can get your hands on property, you better do it soon, before the market turns and all those lovely deals disappear. Impossible you might say, didn’t we ALL think that when the market was good?
