New vehicle sales ended the year on a high note, recording a welcomed uptick of 4.2% y/y in December and the Absa PMI ended the year on a slightly lower note at 47.1 points. At their last MPC meeting the SARB decided to keep the repo rate unchanged at 6.5%, leaving the prime lending rate at 10%. Regarding next week's decision, we assess the odds for a rate cut to have risen.
You use the information contained on this page (the "Information") at your own risk. First National Bank, a division of FirstRand Bank Limited ("the Bank"), provides no warranties or guarantees, whether express, implied or otherwise, in respect of the Information, its accuracy and/or reliability. Without limitation, the Bank does not warrant that the Information will ensure your compliance with accounting, auditory, financial, legal, business and/or tax requirements or will improve your business' performance. The Information does not constitute advice and should not be used as a substitute for obtaining professional or other advice where necessary. Neither the Bank nor its holding company, subsidiaries or other group companies will be liable to you for any claims, demands, expenses, costs, losses or damages, of whatsoever nature, suffered or incurred by you in respect of your use of the Information.
The Bank is the owner of the copyright in all content on this page. You may not publish, modify or adapt this content in any medium or format without the prior written consent of the Bank.