Any time there's talk of interfering with the central Bank, that makes investors very nervous. Political uncertainty will linger and we could see a weakening of the currency.
More Quotes from Elisabeth Gruie:
The government is looking to exert pressure on the central bank for rate cuts, and that could be detrimental to fighting inflation. Investors will be watching very carefully for signs of interference.Elisabeth Gruie
Any data indicating U.S. rates may peak is a good signal for the rand and other emerging market currencies. Overall, the mood still remains nervous.
Elisabeth Gruie
The reduction in the yield differential is a negative for the rand. With the rand being strong so recently, some people may be speculating about a cut in South African rates.
Elisabeth Gruie
Readers Who Like This Quotation Also Like:
Based on Topics: Politics QuotesPast conference topics have included strengthening the role of fathers in children's lives, the impact of the media culture on children, the delicate balance between work and family, and family involvement in education.
Tipper Gore
We are a model country where gender equality is concerned.
Tarja Halonen
I hate television. I hate it as much as peanuts. But I can't stop eating peanuts.
Orson Welles