The Bundesbank is a member of this committee and has been tasked with the ongoing analysis of developments relevant to financial stability and with identifying threats. Where appropriate, we can propose that the committee issue warnings and, if necessary, specific recommendations for action. 5.
At the same time, the repurchase rate of the South African Reserve Bank was lowered from a cyclical peak of 12.0 per cent in October 2008 to 7.0 per cent by the end of 2009, and to 5.5 per cent by the end of 2010.