Fixed Income Chart Book: 2 September 2015
The South African Reserve Bank (SARB) could raise interest rates to protect the rand
The rand lost almost 8% against the dollar since the last Monetary Policy Committee (MPC) meeting. There is therefore a good chance that the SARB could raise rates in September despite negative GDP growth. The rand is vulnerable to external shocks so one such way to intervene is through rate hikes instead of foreign exchange intervention.
How can we assist you?
Graduate Development Programme
The Graduate Development Programme is aimed at developing new talent by exposing new graduates to the investment management industry.