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intratesnov14hold

The SARB treads carefully, leaves rates unchanged

Following the South African Reserve Bank’s decision to keep interest rates at their previous level, FNB confirms that it will maintain its prime lending rate at 10,50% and will review its position after the next SARB MPC meeting in July. (more…)

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Inflation eases to 5.3%, weak growth remains a concern

By Mamello Matikinca, FNB Senior Economist Consumer price inflation staged its first return within the SARB’s target band since August last year, printing 5.3% y/y in April from 6.1% in March. (more…)

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intratesnov14hold

Uncertainty means SARB expected to leave rates unchanged

The uncertainty around the rand with Moody’s rating review still pending would make the Monetary Policy Committee very cautious to change any policy settings. This is according to Tinyiko Ngwenya, an economist for Old Mutual Investment Group, who says that the South African Reserve Bank will likely leave the repo rate unchanged at the conclusion […]

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The topsy-turvy rand

The rand – which takes its name from the word ‘Witwatersrand’ – has to be one tough cookie.  It was born in 1961, when SA was declared a republic, replacing the SA pound as legal tender.  For a decade, the country had a fixed exchange rate for its currency, before the rand was pegged to […]

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Commemorative circulation coins are ‘normal’ coins: SARB

The South African Reserve Bank (SARB) says it has received numerous enquiries on the value of the R5 commemorative circulation coins. (more…)

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Reserve Bank comments on S&P’s downgrade of SA banks

The South African Reserve Bank (SARB) said in a statement today that it has noted the decision by ratings agency Standard & Poor’s (S&P) to lower the ratings of seven of South Africa’s commercial banks to sub-investment grade. (more…)

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SARB leaves repo rate unchanged: Comment

Following the South African Reserve Bank’s decision earlier today to keep interest unchanged, FNB confirms that it will maintain its prime lending rate at 10,5% and will review its position after the next SARB MPC meeting in May. (more…)

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SARB shares available to the public

The South African Reserve Bank (SARB) today invited all eligible South Africans to acquire 149 200 shares in the SARB. These became available for sale after the High Court of South Africa last year directed some SARB shareholders and their associates to sell shares that were in excess of the statutory limit of 10 000 […]

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