Rand and bonds sell-off a red flag for interest rates
Bank may opt for higher-than-expected hike next week and keep cost of borrowing high for longer, warn analysts
15 May 2023 - 05:00
Should the recent sell-off in the rand and local bonds remain at present levels, the Reserve Bank will have to deliver a higher-than-expected interest rate hike and keep the cost of borrowing high for longer, warn analysts.
The rand weakened more than 5% last week because of higher load-shedding stages and US ambassador to SA Reuben Brigety alleging that the SA government supplied arms to Russia...
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