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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: 18:01

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 13 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 (30th Jul 2009): Inflation rate moves closer to target

News-Archive


Inflation rate moves closer to target - 30th Jul 2009

Due to a a PPI (Producer Price Index) that is 4.1% lower than last year the inflation rate has dropped significantly down to 6.9% and now remains just outside the intended corridor of between 3% and 6%.

But one must doubt that this is enough to sway the Monetary Commetee towards a further rate cute as ESKOM's tariff hike of more than 30% as well as most of the two digit increases in recent wage negotiations will only show their effect on the inflation rate over the weeks to come.

It stands to marvel about Tito Mboweni, who might surprise everybody during his last days in office.
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