Rand trades near 10-month low before widely anticipated rates meeting
The local currency is trading at its weakest level since January and is under strain from pressure on the Turkish lira
17 November 2021 - 07:19
UPDATED 17 November 2021 - 19:02
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.