There's a lot of apprehension ahead of the Reserve Bank's monetary policy committee. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.
More Quotes from Michael Keenan:
Bonds are looking slightly overbought. Yields have come down a long way and its hard for them to push lower. We are seeing a bit of consolidation and wait for the Americans to return,Michael Keenan
In the low interest rate environment globally, where there is hardly any yield, South Africa still offers value to foreign investors, with relatively low risk.
Michael Keenan
The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.
Michael Keenan
What is remarkable about this growth is that it is coming off a high base.
Michael Keenan
Next week is big. We've got a bit of data coming out on the local front, which will give an indication of where our inflation cycle peaked and as such more insight on the interest rate outlook.
Michael Keenan
We will remain stuck in a range ahead of a busy data week both locally and abroad. For the most part 6.06-6.14dollar is the preferred range.
Michael Keenan
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Based on Topics: Committees QuotesI have known many who could not when they would, for they had not done it when they could.
Francois Rabelais
I learned early in life that you get places by having the right enemies.
Bishop John Spong
Take everything easy and quit dreaming and brooding and you will be well guarded from a thousand evils.
Amy Lowell