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  • 16 February 2019
You are here: Home / MyPE / Repo rate unchanged

Repo rate unchanged

18 September 2014 By MyPortElizabeth

The Reserve Bank on Thursday 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 lends money to commercial banks – was hiked by 50 basis points to 5.5% in January 2014.

It was increased by 25 basis points to 5.75% in July. – SAnews.gov.za

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Article source: http://mype.co.za/new/repo-rate-unchanged/39979/2014/09

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About MyPortElizabeth

About Alan Straton: Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die."





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