TITLE

Interest rates

AUTHOR(S)
Steyn, Greta
PUB. DATE
June 2008
SOURCE
Finweek;6/12/2008, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the announcement of increasing interest rates by South Africa (SA) Reserve Bank Governor Tito Mboweni. The said increase has overdraft the country's prime rate to 17% which shocked the market, however, the markets now are pricing in a 100 basis points hike in the repo rate. Moreover, the rate is indicated through the gross domestic product growth, which declined to 2.1% in first quarter of 2006 from 5.3% in the final quarter of 2007.
ACCESSION #
32927726

 

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