USD/ZAR: Rand likely to ease if the SARB keeps its rate unchanged at 8.25% – Commerzbank USDZAR SouthAfrica InterestRate Banks
USD/ZAR continues to trade below 18. Economists at Commerzbank analyze Rand's outlook ahead of the South African central bank rate decisionWe expect a narrow rate decision today.
The Rand is likely to ease if the SARB keeps its rate unchanged at 8.25%. The losses are likely to be limited though. Conversely, it is likely to appreciate if the SARB hikes its key rate to 8.5%, but in our view upside scope for the Rand is limited.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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