THE SMART NEWS SOURCE | Feb 10 2012 13:09 | LAST UPDATED Feb 10 2012 13:09 |
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Eskom's plight dims GDP outlookSupply constraints, double-digit price hikes and power outages are taking their toll on the economy, experts say. And brace for more load-shedding. Rates on hold amid worsening outlookGill Marcus keeps rates on hold. Interest rates remain unchanged at 5.5%The South African Reserve Bank's monetary policy committee has announced that the repo rate needs to remain constant to build a "stable" environment. Fix your home loan at 9%?Homeowners with mortgages can take up offers not seen in the market for a long time. South Africa braces for 'eurogeddon'Central banks are poised to lower rates and are calling for reduced exposure to the continent. Gill Marcus says the reserve bank is ready to act. Gill Marcus puts the focus on inflationReserve Bank governor Gill Marcus says the monetary policy will maintain its focus on hitting a 3% to 6% inflation target over the medium term. Eurozone storm freezes repo rateReserve Bank governer Gill Marcus cites global and local risk factors in holding rates steady. Repo rates remain steady at 5.5%The South African Reserve Bank has left the repo rate unchanged at 5.5%. Reserve Bank dovish, factory rise seen as blipThe Reserve Bank's note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector. Marcus: Inflation, low growth cloud emerging marketsRising inflation and the slowing pace of growth in emerging markets will cloud the outlook of these countries for years to come, says Gill Marcus. |
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