{"id":12587,"date":"2012-07-20T01:03:28","date_gmt":"2012-07-19T23:03:28","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-3-s-africa-trims-rates-unexpectedly-more-cuts-possible\/"},"modified":"2012-07-20T01:03:28","modified_gmt":"2012-07-19T23:03:28","slug":"update-3-s-africa-trims-rates-unexpectedly-more-cuts-possible","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-3-s-africa-trims-rates-unexpectedly-more-cuts-possible\/","title":{"rendered":"UPDATE 3-S.Africa trims rates unexpectedly, more cuts possible"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Domestic economy appears to be slowing further<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bank says conditions appropriate for further accommodation<\/p>\n<p><span><\/span><\/p>\n<p>* Rand initially falls, bonds hit record lows after cut<\/p>\n<p><span><\/span><\/p>\n<p>* FRA market prices in another cut this year<\/p>\n<p><span><\/span><\/p>\n<p>* Labour wants more monetary loosing<\/p>\n<p> (Adds labour reaction, analyst comment)<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 19 (Reuters) &#8211; South Africa&#8217;s Reserve<br \/>\nBank unexpectedly cut its benchmark rate to a record low on<br \/>\nThursday, citing a weaker economic outlook and earning rare<br \/>\npraise from the government&#8217;s labour allies who have long<br \/>\ndemanded monetary loosening to help create jobs.<\/p>\n<p><span><\/span><\/p>\n<p>But Governor Gill Marcus was careful to manage expectations<br \/>\nfor more cuts that are likely to emerge from the left-leaning<br \/>\nallies of the ruling ANC as the party approaches a leadership<br \/>\nelection at the end of the year.<\/p>\n<p><span><\/span><\/p>\n<p>Striking a decidedly dovish tone as she announced a 50 basis<br \/>\npoint cut to 5.0 percent in the repo, Marcus said the bank was<br \/>\nconcerned about the increased risks to domestic growth.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Domestic economy appears to be slowing further * Bank says conditions appropriate for further accommodation * Rand initially falls, bonds hit record lows after cut * FRA market prices in another cut this year * Labour wants more monetary loosing (Adds labour reaction, analyst comment) By Stella Mapenzauswa JOHANNESBURG, July 19 (Reuters) &#8211; South [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12587"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}