Is a Home Loan Rate Cut On The Cards?

Cees Bruggemans, economist at FNB seems to think there might be a possible future interest rate cut.

In his latest newsletter he referred to the: Dollar's strapless bra starting to slide

I thought that was hillarious, but ultimately it makes sense, because he said that the rand is strengthening against the Dollar and other major currencies are following the same trend. This means we'll pay less for imports, but also earn less income on exports - nonetheless, it could mean a home loan interest rate cut.

He ends off by saying: The Dollar's strapless bra hasn't yet fallen off, possible still supported only by a thread....

So let's see what Gill Marcus and her team decides at the next monetary policy committe meeting on October 14.

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