South Africa: Central Bank Cuts Rates in Surprise Move

Friday, July 20, 2012

[SAPA]Johannesburg -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 points.

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Source of news: southafrica.info

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South Africa: Central Bank Cuts Rates in Surprise Move

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South Africa: Central Bank Cuts Rates in Surprise Move