South African Reserve Bank keeps rates on hold

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By Kevin Lings

The Reserve Bank decided today to leave the Repo rate unchanged at 11.0%. This was in line with market expectations. Only one or two analysts had expected a rate hike.

In deciding to leave rates unchanged the MPC made the following key points:

Economic conditions:

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For everything else …

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A BUGATTI VEYRON: £899,995

BUYING AMBAC AND MBIA AT CURRENT MARKET PRICES: $3 billion

CREATING A GOVERNMENT ENTITY TO BUY UP DODGY MORTGAGE DEBT: $10 – $20 billion (Yeah, right)

BAILING OUT AN OVER-LEVERED MORTGAGE LENDER: £25 – £55 billion

WRITING DOWN YOUR HOLDINGS OF STRUCTURED CREDIT TO PROPER VALUE: [...]

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South Africa’s political landscape made easy …

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The US economy, according to the Prez

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Source: Stuart Carlson, Slate, January 29, 2008.

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Investment Postcards – a make-over of which to be proud!

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The big moment has arrived – a new-look blog site for Investment Postcards from Cape Town! Since launching my international investment blog at the middle of last year, traffic has increased measurably, causing me to revamp the site. Let’s raise a glass to memorable (and profitable) market moments! [...]

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South Africa is hosting the 2010 soccer World Cup – without electricity!

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Source: Unknown

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