Sunday, January 23, 2011

Reserve Bank of South Africa Holds Interest Rate at 5.5%

The Reserve Bank of South Africa maintained its main repurchase interest rate at 5.50%. The move was driven by a balance of maintaining a stimulatory policy stance to support the economic recovery and a growing recovery in consumer spending; while also being wary of rising food price inflation. South Africa recorded economic growth of 2.6% in Q3 and inflation of 3.5% in December.


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