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19 May 2013
   
 
 
 
 
 

The South African Chamber of Commerce and Industry (SACCI) welcomes the decision by the Reserve Bank to cut interest rates by 50 basis points. This decision will go a long way towards alleviating cost pressures on households and businesses (and SMEs in particular) although the measure in and of itself is unlikely to have a significant impact on improving economic activity. The cut is also a welcome indication that long-term inflation is expected to moderate.

Edited by: Creamer Media Reporter
 
 
 
 
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