South African Rand

26 Mar 2010

Market commentary

Compiled by Nigel Rendell,
senior emerging markets strategist

RBC Capital Markets

Tel: + 44 20 7029 7403

The South African Reserve Bank wrong-footed the financial markets this week and cut interest rates by 50bp, taking the repo rate to an historic low of 6.5%.

SARB governor Gill Marcus described the ...

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