No rate cut, so tighten your belt
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No rate cut, so tighten your belt

Sydney : Australia | Jan 20, 2011 at 8:04 AM PST
Source: Mail and Guardian
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The SA Reserve Bank elected not to cut the interest rate further and it looks as if the first half of 2011 will be all about financial consolidation. Since June 2008, the Reserve Bank has cut the repo rate by 650 basis points, from 12% to 5,5%, with prime now at 9% from a high of 15,5%. FULL ARTICLE AT Mail and Guardian
 
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