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ANC welcomes repo rate cut
28 May 2009
The African National Congress (ANC) welcomes the decision by the SA Reserve Bank's Monetary Committee (MPC) to cut the repo rate by 100 basis points to 7.5%. The repo rate cut will to some expend bring relief to the majority of the poor following the global economic recession.
Issued by:
Jessie Duarte
ANC National Spokesperson
Enquiries:
Ishmael Mnisi 0823335550
Brian Sokutu 0716716899
