22/09/2014
The stable repo rate is good news, particularly for mortgage-dependent homeowners and aspirant home buyers requiring access to finance. This is against a backdrop of sluggish economic growth, subdued income growth, rising municipal rates and utilities tariffs, and slightly higher CPI inflation which increased to 6.4% in August (2014) from 6.3% July.
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The stable repo rate is good news, particularly for mortgage-dependent homeowners and aspirant home buyers requiring access to finance, says Dr Andrew Golding, chief executive of the Pam Golding Property group, commenting on the decision by the Monetary Policy Committee.