In S.A, BetterBond has welcomed repo rate cut

In S.A, BetterBond has welcomed the 25 basis point repo rate cut to 7.75-percent. Head of Sales, Bradd Bendall, says slowing inflation is fostering a more favourable lending environment, by continuing the rate-cutting trend. Bendall says the decision provides relief for homeowners burdened by rising bond costs since November 2021. BetterBond reports a 30-percent jump in home loan activity in October, signalling a property market recovery:

Meanwhile, still in S.A, Everest Wealth CEO Thys van Zyl says the interest rate cut offers relief for consumers and boosts spending ahead of the festive season. Despite the cut, Van Zyl also called it a missed opportunity for greater economic momentum, suggesting a 50 basis point reduction could have been more impactful. Van Zyl expects further cuts in January and March, enhancing disposable income