Nominal year-on-year price deflation in the South African housing market slowed down further in September 2009, based on Absa’s calculations. If the latest trends are to continue, house prices may sta... read
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Year-on-year (y/y) growth in the value of mortgage advances by monetary institutions (the net outstanding balance on mortgage loans at these institutions) slowed down to
5,6% in August 2009, which wa... read
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Levels of activity in the residential building sector remained depressed up to August 2009. Both the planning and construction phases in respect of new housing continued to suffer in the first eight m... read
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Interest rates slashed by 100 basis points due to declining inflation and a rapidly slowing economy
After the last MPC Meeting the Reserve Bank’s Monetary Policy Committee cut the key monetary poli... read
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The Reserve Bank’s Monetary Policy Committee (MPC) decided to cut the key monetary policy interest rate – the repo rate – by 100 basis points to 10,5%, mainly on the back of declining domesti... read
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