Better Bond confident in property market as repo rate expected to hold at 7% [SOUND]

# The South African Reserve Bank’s Monetary Policy Committee is expected to meet next week to discuss inflation and the repo rate. Economists predict the repo rate will remain steady at seven-percent as inflation has climbed to 3.5-percent, its highest in ten months. BetterBond’s Bradd Bendall says the property market momentum is building, with home loan applications up 12-percent year-on-year and average house prices rising 2.1-percent to a record 1.6-million-rand: