Rand-weakening options running dry

The South African Reserve Bank’s (Sarb) rate cut of 50 basis points last December brought tightening to an end at 8%, pointed out David Lubin, economist at HSBC in London. Forward markets are now already pricing in a rate rise, he said.

This means the Sarb would be left without one of the key methods of weakening the rand, said Razia Khan, Africa economist at Standard Chartered in London -- despite the impact the rand’s current strength is having on the economy. Lubin estimated that the currency

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: