South African Rand Market commentary

11 Oct 2007

Compiled by: Richard Favis

RBC Capital Markets

+27 11 784 5065

The South African Reserve Bank (SARB) lifted interest rates a further 50bp on Thursday. This was its third hike for 2007 and brings the repo rate to 10.5%. The rand firmed ahead of the announcement and broke through the R6.80/$ ...

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