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The rate hike widely expected

July 22, 2014

By Dave Mohr, Chief Investment Strategist for Old Mutual Wealth The rate hike of 25 basis points was fairly widely expected despite the fact that the economic growth forecast was reduced significantly from 2.1% to 1.7% for the year, along with lower longer term forecasts, since the last Monetary Policy Committee (MPC) meeting. The South Africa Reserve Bank also clearly stated that the l...

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