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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

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Exchange Rates

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Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 17:53

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 14 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (1st May 2009): Yet another rate cut!

News-Archive


Yet another rate cut! - 1st May 2009

The Monetary Committee of the Reserve Bank has decided on Thursday to cut the rates yet again, the fourth rate cut in a row since December 2008. The rime lending rate will drop by 100 Basis Points as from Monday, 4 May 2009. Thus the interest rate falls to 12% due to the slowing economic growth as well as theinflation rate, which dropped to 8.6%.
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