Interest rates might just lower further in July

REMAX Southern Africa weighs in on how a possible interest rate cut might stimulate the local housing market.

- PROPERTY WRITER

Following the last interest rate cut, most experts are predicting a further rate cut rather than a hike at the scheduled July meeting, with virtually no analysts anticipating any increase in July; the only debate is between a modest cut or holding steady.

In the May 2025 MPC meeting, the SARB cut the repo rate by 25 bps to 7.25%, citing a markedly improved inflation outlook and fragile economic conditions. Notably, the decision in May was unanimous in favour of easing.