One Final Rate Cut In Store

October 2009
Africa Monitor: Southern Africa;Oct2009, Vol. 14 Issue 10, p3
Country Report
The article presents an economic data and forecasts for South Africa for 2009 and 2010. According to Business Monitor International Ltd., the South African Reserve Bank (SARB) is estimated to reduce interest rates by 50 basis points (bps) to 6.50 percent in September 2009. It also notes on easing food prices and marginal improved growth rates in some key industries. A chart is also presented depicting economic trends and indicators of the country from 2007 to 2010.


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