SOUTH AFRICAN INTEREST RATES CUT BY MONETARY POLICY COMMITTEE (MPC) IN FEBRUARY 2009The Monetary Policy Committee cut the Repo Rate of South Africa by 100 basis points! This brings the repo rate to 10.5% and the prime lending rate to 14% This significant cut in the repo rate broke the MPC’s 5 year old tradition of 50 basis point increment adjustments This is great news all around [...] |


