South African Reserve Bank Cuts Interest Rates

In a surprise move, the Reserve Bank's monetary policy committee has decided to drop the interest rate at which banks lend and borrow among each other, by 50 basis points to five percent.

  • South Africa:  Interest Rate Cut

    South African Press Association, 20 July 2012

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

Photo: Flickr

South African twenty rand note.

  • South Africa:  Central Bank Cuts Rates in Surprise Move

    South African Press Association, 20 July 2012

    South Africans were surprised and for the most part delighted by the Reserve Bank's decision on Thursday to cut its interest rate for banks, known as the repo rate, by 50 basis ... read more »

  • South Africa:  South Africa Cuts Interest Rate

    SouthAfrica.info, 20 July 2012

    South Africa's Reserve Bank decided on Thursday to cut its interest rate for banks, known as the repo rate, by 50 basis points to 5.0%. The prime rate at the country's retail banks ... read more »

  • South Africa:  Statement of the Monetary Policy Committee (document)

    South African Government, 19 July 2012

    Since the previous meeting of the Monetary Policy Committee there have been further indications of a generalised slowdown in the global economy, amid the continuing risks posed by ... read more »

  • South Africa:  DA Calls for Investigation Into the Setting of the South African Interbank Rate (press release)

    Democratic Alliance, 8 July 2012

    The DA calls on Finance Minister Pravin Gordhan to mandate a Reserve Bank investigation into the setting of the Johannesburg Interbank Agreed Rate (JIBAR). read more »

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