Expected SARB Trail at 4%, USD / ZAR Purchased

Expected SARB Hike Comes to Fruition at 4%, USD/ZAR Subdued

Rand Analysis Increases SARB rates 25bps to the 4%. First Response: Weakness of the margin rand Leaving MPC Rand weakly does not come as a surprise SARB announced on Thursday that the adjustment rate could be increased to 4% Four out of 3.75% of MPC members voted in favor of a patient increase, with one … Read more