SABC News.com - SA wins Central Bank of the Year award:Monday 15 October 2012

SA wins Central Bank of the Year award

Monday 15 October 2012 07:42

SABC

Reserve Bank Governor Gill Marcus. (GCIS)

South Africa has won the Central Bank of the Year award. This award was presented by the Emerging Markets on-lone publication in Tokyo. 


Reserve Bank Governor Gill Marcus has been praised for her ability to correctly predict where the domestic and global economies are going. 


She's also been commended for her actions to limit the spill-over of the current global economic melt-down by cutting interest rates timeously.


Meanwhile, data issued on Saturday in China showed exports growing by 9.9% year-on-year, compared with a 2.7% export growth in August. Imports were 2.4% higher in September, after three months of consecutive declines. Copper imports rose to a four-month high, while purchases of iron ore were the biggest since January 2011.

Reserve Bank Governor Gill Marcus has been praised for her ability to correctly predict where the domestic and global economies are going

Also in China, consumer prices rose 1.9% from a year earlier; down from 2% in August.

On the capital market the yield on the R157 government bond ended at 5.37%.

US and European markets
                  
London's FTSE 100 closed 0.63% lower at 5 793. In Paris, the CAC 40 fell by 0.72% to 3 389, while Frankfurt's DAX weakened by 0.68% to 7 232.

The Dow Jones ended flat at 13 329; the Nasdaq closed 0.18% lower at 3 044; and the S&P 500 was 0.27%  weaker at the close at 1 429. 

Asian markets

In Tokyo, the Nikkei is trading 0.4% higher at 8 574, and in Hong Kong the Hang Seng has so far declined by 0.2% to 21098.

In Australia, the All Ordinaries Share index is trading 0.1 lower at 4 511. 

Platinum at 1 639.28 /oz and the Brent crude oil is trading at $114.62-cents a barrel.

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