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South African Reserve Bank: No Interest Rate Change Satisfies Expectations

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

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The last cut the South African repo was implemented a year ago in July 2012.  The decrease of 50 basis points to a 40+ year low of 5.0% culminated a ten-step 700-basis point easing from 12.0% prior to December 2008. South African officials remain constrained by weak economic growth on the one hand and a [...]

larrygreenberg @ July 18, 2013

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