Stay updated with breaking news from Win Thin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A crippling energy crisis, a low growth environment and deteriorating fiscal metrics combined to push the rand to a record low last week.But the normal response of raising interest...
A crippling energy crisis, a low growth environment and deteriorating fiscal metrics combined to push the rand to a record low last week.But the normal response of raising interest...
The normal response of raising interest rates to defend the currency may prove counterproductive.
The SA Reserve Bank is facing a dilemma between rate hikes that may harm the rand or pausing the cycle, which could also undermine the rand.
'If the Sarb doesn’t hike, or even does a 25 basis-point hike, versus the market that is pricing in 50 basis points, we are likely to see some rand weakness,' said Walter de Wet.