Allgemeine Zeitung
The rand on Friday reached 19.5148 per US dollar amid diplomatic tensions over US accusations that Pretoria helped ship arms to Russia. Photo Unsplash The rand on Friday reached 19.5148 per US dollar amid diplomatic tensions over US accusations that Pretoria helped ship arms to Russia. Photo Unsplash
MW Main

SA crisis eroding basic rule of monetary policy

May 22, 2023
A crippling energy crisis, a low growth environment and deteriorating fiscal metrics combined to push the rand to a record low last week.But the normal response of raising interest rates to defend the currency may prove counterproductive,...
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