Tag: South African Reserve Bank
Rand Rises Against Dollar on Prospects for South African Rates
By Garth Theunissen
Dec. 20 (Bloomberg) — The rand rose against the dollar for a second week after the U.S. Federal Reserve cut interest rates to almost zero and on speculation South Africa’s central bank will lower borrowing costs to stimulate its economy.
Posted: December 22nd, 2008 under News.
Tags: BNP Paribas, Dollar, Federal Reserve, Global Recession, inflation, Rand, South Africa's Central Bank, South African Reserve Bank
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