South African Rand Surges as Central Bank Lifts Interest Rate

Story date: 2007-10-11 07:42:00
Added on: 2007-10-11 11:00:28

Bloomberg - Oct. 11 (Bloomberg) -- South Africa's rand climbed to its highest in more than a year after the country's central bank raised its benchmark interest rate by half a percentage point. The increase in the repurchase rate to 10.5 percent, announced by ...


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