South African Central Bank Cuts Interest Rate

In a widely-predicted move, the South African Reserve Bank's monetary policy committee has cut its benchmark repurchase rate by 50 basis points, from 6 percent to 5,5 percent a year.

The South African Reserve Bank building in Pretoria.

  • South Africa:   Interest Rates Cut to Lowest in Three Decades

    SAPA, 18 November 2010

    The SA Reserve Bank (SARB) has cut the repo rate by 50 basis points to 5.5 percent, governor Gill Marcus said on Thursday. Read more »

  • South Africa:   Reserve Bank Slashes Repo Rate

    BuaNews, 18 November 2010

    Christmas has come early for cash-strapped consumers as the South African Reserve Bank's Monetary Policy Committee (MPC) cut the repo rate by 50 basis points to 5.5 percent - the… Read more »

  • South Africa:   Central Bank Cuts Interest Rate

    South African Reserve Bank, 18 November 2010

    Since the previous meeting of the Monetary Policy Committee (MPC), the outlook for domestic inflation has improved further against the backdrop of a continued negative domestic… Read more »

  • South Africa:   Currency Wars and the G20 - Who Benefits From the Strong Rand?

    SACSIS, 18 November 2010

    The ongoing saga of the United States of America (US) accusations against China - that it is deliberately pushing down its currency - and thereby defeating US attempts to get… Read more »

  • South Africa:   Possible Rate Cut on the Cards

    BuaNews, 11 November 2010

    A rate cut is possible at next week's final meeting of the Reserve Bank's Monetary Policy Committee meeting, the Bureau for Economic Research (BER) said on Thursday. Read more »

  • South Africa:   Economic Outlook Remains Buoyant

    BuaNews, 17 November 2010

    Despite the difficulties experienced by the global economy and right here at home, economists continue to put South Africa's growth rate prospects at 3 percent and more for 2011. Read more »

  • South Africa:   September Retail Sales Up

    BuaNews, 17 November 2010

    South Africa's retail sales rose by 6.1 percent year-on-year in September - a much better than expected outcome predicted by experts in the financial sector. Read more »

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