Johannesburg, South Africa
South African central bank Governor Gill Marcus looks on after making an announcement in Pretoria
South African central bank Governor Gill Marcus looks on 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 HEADSHOT)