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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: 17:24

Capetown:

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

Johannesburg:

Temp.: 24 °C / 75 °F
Wind: SW / 10 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (14th Jun 2008): Latest interest hike smaller than expected

News-Archive


Latest interest hike smaller than expected - 14th Jun 2008

Tito Mboweni, Governor of the South African Reserve Bank has surprised financial analysts when announcing a repo rate hike of only 50 basis points. Due to the infaltion rate above 10% and continious demand of the local consumer market an interest hike of 1 - 1.5% would have set a better sign. Now an unevitable further rate hike will be on the cards for the Reserve Bank Meeting in August. The prime lending rate is now at 15,5%.
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