Local currency at 15-month high could mean record low rates for longer
PREMIUM
By Lindiwe Tsobo - 16 April 2021
The rand jumped to a 15-month high against the dollar as the country’s yield advantage and higher commodity prices boosted sentiment towards local assets, making it more likely that the Reserve Bank will be able to support the economy with record low interest rates even as US yields climb...
This article is reserved for DispatchLIVE subscribers.
Get access to ALL DispatchLIVE content from only R45.00 per month.
Already subscribed? Simply sign in below.
Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.