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    Lending rate remains unchanged

    The Reserve Bank has kept the repo rate unchanged at 5.75% per annum. The prime lending rate will remain at 9.25%. South African Reserve Bank governor Gill Marcus made the announcement amid a domestic growth outlook that the Monetary Policy Committee described as weak. The repo rate – the rate at which the central bank […]

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    Bank rate increases to 5.5%

    The Reserve Bank has hiked up the repo rate to 5.5%. “The MPC [Monetary Policy Committee] has decided to increase the repurchase rate by 50 basis points to 5.5 % per annum as of 30 January 2014,” Reserve Bank Governor Gill Marcus said following the first MPC meeting of the year. The repo rate – […]

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