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South African interest rates expected to rise amid global inflation concerns

WITH the South African Reserve Bank set to announce an interest rate hike, experts weigh in on the implications for homeowners and the property market amidst global inflationary pressures. South African property market consumers are told to expect that interest rates will go up on Thursday, May 28.This is as South African Reserve Bank (SARB) Governor Lesetja Kganyago will deliver the Monetary Policy Committee statement.

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SA Reserve Bank warns more interest rate hikes on the cards if inflation risks worsen

South Africa's Reserve Bank raised the repo rate 25bp to 7% (prime at 10.5%), warning up to three further hikes if Middle East-driven supply shocks push inflation above 6%. A higher-for-longer rate path through 2027 raises debt-servicing costs and compresses capex for businesses operating in the SA market.

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South African interest rates expected to rise amid global inflation concerns

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SA Reserve Bank warns more interest rate hikes on the cards if inflation risks worsen

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