South African central bank Governor Gill Marcus smiles after making an announcement in Pretoria September 9 2010.The South African Reserve Bank on Thursday cut its repo rate by 50 basis points to 6.0 percent, in line with expectations, to give further boost to a stuttering economic recovery.The lowering brings interest rate reductions since December 2008 to 600 basis points and takes borrowing costs to a new three-decade low.
Reuters/Siphiwe Sibeko (South Africa - Tags: BUSINESS)