The Reserve Bank’s announcement that interest rates, currently at 15,5 %, \u00a0will remain unchanged,\u00a0is welcomed by the industry.\u00a0 This is the second such decision by the Reserve Bank in two months, after regular interest rate increases of 0,5 percentage points since 2006.<\/p>\n
Given the world economic and banking turmoil, impacting the local tourism industry, the Governor of the Reserve Bank is saluted by economists for his wise decision.\u00a0\u00a0\u00a0 Whilst banks around the world have decreased interest rates to stimulate their economies, the inflation rate in South Africa is still too high to have allowed the Reserve Bank to consider an interest rate cut.\u00a0\u00a0<\/p>\n
The international oil price is falling, and a further petrol price decrease in November would be welcomed\u00a0by all South Africans.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reserve Bank’s announcement that interest rates, currently at 15,5 %, \u00a0will remain unchanged,\u00a0is welcomed by the industry.\u00a0 This is the second such decision by the Reserve Bank in two months, after regular interest rate increases of 0,5 percentage points since 2006. Given the world economic and banking turmoil, impacting the local tourism industry, the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[22],"tags":[28,29,5],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t