High Street Auction Co welcomes last interest rate cut for the year
The decision by the South African Reserve Bank Bank’s Monetary Policy Committee (MPC) to cut interest rates by 25-basis-points has been welcomed by High Street Auction co director, Greg Dart.
This move – together with the setting of a new inflation target of 3% and an upbeat 2025 Mid-Term Budget Policy Statement (MTBPS) tabled in Parliament last week – will bring the year to an end on a positive note and pave the way for growth during 2026, he says.
Cautious optimism the game as interest rates hold steady says High Street
The South African Reserve Bank’s decision to pause interest rate cuts today did not come as a surprise for property expert Greg Dart, a director at the High Street Auction Company.
This week’s revelation that the Consumer Price Index (CPI) decreased by 0,1% between July and August, with four of thirteen categories in the inflation basket and household equipment and routine maintenance dipping, sparked some optimism about an interest rate cut.