The rand was slightly firmer on Thursday morning but was on track for its third weekly loss, as investors await the SA Reserve Bank’s repo rate decision later in the day.
“The reality is though, that a mere 1% move on the back of the rates announcement isn’t enough to dislodge R/$ from the safety of its 14.30-14.50 trading range that has been evident over the last week,” Ramkhelawan-Bhana said. While lower interest rates could stimulate economic activity, they would make SA bonds less attractive to investors on the hunt for higher yielding returns.
Source: Loan Digest (loandigest.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand slips on dismal growth and downgrade fears“High unemployment, income inequality, and the social and political challenges they imply for policymakers are proving strong obstacles to the government’s plans to raise potential growth.”
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Most SA fuel prices to rise next month as rand weakens against dollar“International oil prices surged by nearly $2 a gallon in late December 2019 before beginning a recovery which was halted by the recent tensions between the US and Iran.”
Source: TimesLIVE - 🏆 28. / 59 Read more »
JSE faces subdued start on Thursday ahead of Reserve Bank decisionThe consensus is that the Reserve Bank will opt to keep rates unchanged due to the threat to the rand posed by a junk status rating from Moody’s Investors Service.
Source: BDliveSA - 🏆 12. / 63 Read more »
WATCH: Why many more dark days remain ahead for EskomEnergy analyst Chris Yelland talks to Business Day TV about the dire state of the energy utility
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand’s losses continue as market awaits Reserve Bank decisionThe Bank's interest rate announcement on Thursday is being closely watched, with global focus on possible progress in resolving the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »