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.
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.