Another issue likely to resurface is the matter of 'a more competitive exchange rate', deciphered as code for the rand to weaken. Moral suasion such as this may be good for export-biased manufacturers, but will hardly be considered good for observers of inflation, or long-term interest rate markets.
More Quotes from Colen Garrow:
While it remains manageable, it can be argued that it is the rate at which debt levels are growing that may cause no further stimulus from the central bank.Colen Garrow
It's likely to be a pro-growth budget in line with the government's target of reaching annual GDP growth of 6 by 2010.
Colen Garrow
The SARB will probably do nothing with interest rates when it meets next week.
Colen Garrow
The relative size of the mining sector is dwarfed by the contribution of the finance, real estate and business service sector's 19,5.
Colen Garrow
In short, more South Africans employed suggests more disposable income and more money being spent on retail goods.
Colen Garrow
The current account deficit is above the 3 benchmark, a high-water mark generally considered to flag pending currency weakness to restore a balance between exports and imports.
Colen Garrow
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Based on Topics: Morality QuotesBased on Keywords: deciphered, resurface, suasion
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