Archive for January 31st, 2008

Daily Archive
Thursday, January 31st, 2008

South African Reserve Bank keeps rates on hold

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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The international environment has become increasingly uncertain and volatile. The slowdown […]

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