tag:blogger.com,1999:blog-9004526843610101297.post2036574713201662121..comments2024-02-22T12:02:47.346+02:00Comments on SHEPPERSON'S FIRST LAW: Property market dreads rate hikeGarethhttp://www.blogger.com/profile/05831591779477126856noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9004526843610101297.post-62013526060394701532014-01-29T16:49:33.112+02:002014-01-29T16:49:33.112+02:00OK - so no mercy it is then! Interest Rates up 50...OK - so no mercy it is then! Interest Rates up 50 basis points. REPO Rate now 5.5%.<br /><br />This is ostensibly to guard against Rand weakness and the inflationary pressure that a weak Rand exerts.<br /><br />Reserve Bank Governor Gill Marcus and her Monetary Policy Committee forcast "...average inflation rate for 2014 is 0.6 percent points higher at 6.3 percent...". That is out of the target range and I suppose they had no choice.<br /><br />At least the increase is not 500 basis points like Turkey.<br /><br />Garethhttps://www.blogger.com/profile/05831591779477126856noreply@blogger.com