Defend Truth

NEWFLASH: Repo rate falls by 50 basis points

By Andy Rice
18 Nov 2010
0

The South African Reserve Bank's monetary policy committee has cut the repo rate by 50 basis points, Reserve Bank governor Gill Marcus announced on Thursday afternoon. The repo rate now stands at 5.5%, with prime at only 9%. 

Gallery

Top Reads This Hour

The night I discovered the most perfect lamb chop in the world
TGIFood

The night I discovered the most perfect lamb chop in the world
At home with Nelson Mandela — Madiba’s Houghton house is sanctuary for heritage, art and culture
DM168

At home with Nelson Mandela — Madiba’s Houghton house is sanctuary for heritage, art and culture
Gloves come off as SA’s Takealot and Zando tackle global juggernauts Temu, Shein and Amazon
Maverick News

Gloves come off as SA’s Takealot and Zando tackle global juggernauts Temu, Shein and Amazon
ANC support slips, new MK Party makes inroads, EFF backing slumps - Ipsos poll
Maverick News

ANC support slips, new MK Party makes inroads, EFF backing slumps – Ipsos poll
Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win
Maverick News

Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win

TOP READS IN SECTION

Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win
Maverick News

Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win
Reserve Bank seizes R60m assets from Berdine Odendaal, leaving her in the cold
Maverick News

Reserve Bank seizes R60m assets from Berdine Odendaal, leaving her in the cold
Gloves come off as SA’s Takealot and Zando tackle global juggernauts Temu, Shein and Amazon
Maverick News

Gloves come off as SA’s Takealot and Zando tackle global juggernauts Temu, Shein and Amazon
A tale of two contrasting towns in South Africa’s worst-run municipality
Maverick News

A tale of two contrasting towns in South Africa’s worst-run municipality
Thabo Mbeki on Soweto charm offensive as ANC ‘unleashes’ senior leaders
Maverick News

Thabo Mbeki on Soweto charm offensive as ANC ‘unleashes’ senior leaders

Investigations

News & Analysis

Features

Newsletters

Community

DM168

Daily Maverick © All rights reserved

Please peer review 3 community comments before your comment can be posted

Daily Maverick needs your support

We're not asking you to pay for every article you read. We're asking you to support us so that we can keep doing what South Africa needs us to do. Without the support of our readers, we won't be able to keep going.

If you really can't afford the price of an extra cup of coffee a week, then know this: we will never force you to pay. We'e got your back and one day, you'll have ours.

SUPPORT DAILY MAVERICK
Become a Maverick Insider

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options
Premier Debate: Gauten Edition Banner

Join the Gauteng Premier Debate.

On 9 May 2024, The Forum in Bryanston will transform into a battleground for visions, solutions and, dare we say, some spicy debates as we launch the inaugural Daily Maverick Debates series.

We’re talking about the top premier candidates from Gauteng debating as they battle it out for your attention and, ultimately, your vote.

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.