{"id":18297,"date":"2012-07-19T15:37:57","date_gmt":"2012-07-19T13:37:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=18297"},"modified":"2012-07-19T15:44:29","modified_gmt":"2012-07-19T13:44:29","slug":"sa-gets-interest-rate-cut","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/18297\/sa-gets-interest-rate-cut\/","title":{"rendered":"SA gets interest rate cut"},"content":{"rendered":"<p>The SA Reserve Bank (SARB) has cut the repo rate by 50 basis points to five percent, governor Gill Marcus said on Thursday.<\/p>\n<p>The prime rate would decline to 8.5 percent.<\/p>\n<p>This follows nine consecutive Monetary Policy Committee meetings where the repo rate remained unchanged at 5.5 percent, after it was reduced by 650 basis points between mid-2008 and November 2010.<\/p>\n<p>The SARB determines the interest rate based on its mandate to keep inflation within a target of between three and six percent.<\/p>\n<p>Consumer price inflation was 5.5 percent for June while producer price inflation was 6.6 percent in May.<\/p>\n<p><strong>Relates articles<\/strong><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/general\/12018\/africas-biggest-gdp-players-compared\/\"><strong>Africa\u2019s biggest GDP players compared<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/general\/7858\/south-africas-growth-expected-to-slow\/\"><strong>South Africa\u2019s growth expected to slow<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SA Reserve Bank (SARB) has cut the repo rate by 50 basis points to five percent, governor Gill Marcus said on Thursday.<\/p>\n","protected":false},"author":4,"featured_media":18302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,3618,3619,3620],"class_list":["post-18297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-monetary-policy-committee","tag-sarb","tag-the-sa-reserve-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/18297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=18297"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/18297\/revisions"}],"predecessor-version":[{"id":18307,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/18297\/revisions\/18307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/18302"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=18297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=18297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=18297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}