ANTHONY CLARK: Rate cut brings new hope and modest relief
Property has been the big winner, along with consumer- and infrastructure-related plays — but the residential building and DIY sector has yet to register gains
31 October 2024 - 05:00
The loosening cycle has begun.
Last month, the Reserve Bank cut interest rates for the first time in four years. The 0.25% cut took the repo rate to 8%. The continued dip in headline inflation, supported by a stronger rand, buoys the case for further easing. This modest relief, with hope of more to come, lifted consumer spirits as well as many consumer- and infrastructure-related stocks...
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