Moody’s Investor Services to announce SA credit rating decision
Moody’s rating agency is expected to announce whether it will downgrade South Africa’s economy.
Repo rate unchanged in September
The Reserve Bank’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 7% per annum.
Repo rate unchanged in July
The Reserve Bank on Thursday kept the repo rate unchanged at 7% - in line with market expectations.
GDP contracts in first quarter of 2016
South Africa’s Gross Domestic Product (GDP) contracted by 1.2% in the first quarter of 2016, Statistics South Africa (Stats SA) announced on Wednesday.
Repo rate remains unchanged at 7%
The Reserve Bank on Thursday kept South Africa’s repo rate unchanged at 7 percent per annum.
With South Africa’s rising inflation, the Reserve Bank says it is necessary to raise interest rates
“Tolerating additional inflation in the short run could require larger interest rate adjustments later, with proportionally greater costs for the economy.
Reserve Bank raises repo rate to 7%
The Reserve Bank on Thursday increased South Africa’s repo rate by 25 basis points to 7% per annum.
Interest rate hike will negatively impact the residential housing markets
Ooba says the decision today by the South African Reserve Bank to increase interest rates by 0.5% from 6.25% to 6.75% will negatively impact the residential housing markets as many consumers are already facing increasing financial strain through dealing with elevated levels of debt and the rising cost of living expenses.
South African Reserve Bank's Monetary Policy Committee hiked the repo rate by 25 basis points to 6,25% per annum
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by a further 25 basis points from 6% to 6,25% per annum. Due to this hike in the repo rate, Absa announced that its prime lending and variable mortgage interest rates will rise from 9,5% to 9,75% per annum, effective from 20 November 2015.
Reserve Bank keeps Repo rate to remain unchanged
The repo rate will remain unchanged at 6% per annum, Reserve Bank Governor Lesetja Kganyago said on Wednesday.
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