Ahead of one of the most anticipated policy decisions since the outbreak of  Covid-19, the rand was near a 10-month low as economists remained divided on whether the Reserve Bank will start raising interest rates to contain faster inflation.

SA’s currency was the second-most volatile among emerging-market peers between Tuesday and Wednesday, with only Turkey’s lira, which is dogged by uncertain policy and a central bank that lacks credibility due to political interference, having bigger swings...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now