BetterBond says the unchanged repo rate is a bitter pill for consumers to swallow

VAAL TRIANGLE - BetterBond says the South African Reserve Bank’s decision to hold the prime lending rate steady yet again, while not surprising, is a bitter pill for consumers to swallow. The bank has kept the repo rate unchanged at 8.25% and the prime lending rate remains at 11.75%. BetterBond’s CEO, Bradd Bendall, says the unexpected cooling of inflation had raised hopes that would mark the start of the Reserve Bank’s long-awaited cutting cycle.

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