{"id":52413,"date":"2014-01-29T15:57:38","date_gmt":"2014-01-29T13:57:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=52413"},"modified":"2014-01-29T15:58:00","modified_gmt":"2014-01-29T13:58:00","slug":"marcus-announces-rate-hike-rand-weakens","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/52413\/marcus-announces-rate-hike-rand-weakens\/","title":{"rendered":"Marcus announces rate hike, rand weakens"},"content":{"rendered":"<p>The repo rate will rise to 5.5%, SA Reserve Bank governor Gill Marcus announced in Pretoria on Wednesday.<\/p>\n<p>The repo rate increased by 50 basis points, from its previous level of 5%.<\/p>\n<p>The rand reacted to the news by weakening further against the greenback, trading at an intrady worst level of R11.37.<\/p>\n<p>Since the start of 2014, the rand has lost more than 5.5% in value against the dollar.<\/p>\n<h3 class=\"my-4\">More on SA economics<\/h3>\n<p><a title=\"South Africa still a good investment: Sarb\" href=\"http:\/\/businesstech.co.za\/news\/government\/50541\/south-africa-still-a-good-investment-sarb\/\"><strong>South Africa still a good investment: Sarb<\/strong><\/a><\/p>\n<p><a title=\"SARB unveils new Mandela bank notes\" href=\"http:\/\/businesstech.co.za\/news\/general\/21477\/sarb-unveils-new-mandela-bank-notes\/\"><strong>SARB unveils new Mandela bank notes<\/strong><\/a><\/p>\n<p><a title=\"Where to for punch-drunk rand in 2014?\" href=\"http:\/\/businesstech.co.za\/news\/international\/52243\/where-to-for-punch-drunk-rand-in-2014\/\"><strong>Where to for punch-drunk rand in 2014?<\/strong><\/a><\/p>\n<p><a title=\"No panic in emerging markets: IMF\" href=\"http:\/\/businesstech.co.za\/news\/international\/52369\/no-panic-in-emerging-markets-imf\/\"><strong>No panic in emerging markets: IMF<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The repo rate will rise to 5.5%, SA Reserve Bank governor Gill Marcus announced in Pretoria on Wednesday.<\/p>\n","protected":false},"author":10,"featured_media":43341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,1492,2760],"class_list":["post-52413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-gill-marcus","tag-sa-reserve-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52413","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=52413"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52413\/revisions"}],"predecessor-version":[{"id":52417,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52413\/revisions\/52417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/43341"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=52413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=52413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=52413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}