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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: 17:26

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 (15th Aug 2008): Rates remain unchanged

News-Archive


Rates remain unchanged - 15th Aug 2008

A small relief for bond holders and consumers went through the rows of the spectators after Tito Mboweni announced yesterday that the prime lending rate will remain unchanged at 15.5%. Due to the recent decrease in the oil price and reduced spending of private households, inflation is currently easing into a one digit zone and therefore does not justify another increase.
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