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Interest rate remains the same

At its January meeting, the Reserve Bank’s Monetary Policy Committee left the repo rate unchanged at 5,75%. The prime overdraft rate will thus remain at 9,25%. The main reason for the Bank’s decision is the fact that inflation remained well within the 3% to 6% target rate. Lower spot and future oil prices, as well as lower food and especially grain prices, improved the inflation outlook.

Published on Tuesday, 3rd February 2015 - 10:19

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