This is a cruel blow for the rand at a time when gold prices are near all-time highs. The country has made progress on electricity outages but there is little momentum in the economy.
The central bank is guiding towards rates stabilizing at 7.25%, or 25 basis points below current levels though said they would be taken on a meeting-by-meeting basis. That was before Trump imposed a 31% tariff on South Africa and also referenced political grievances.
“They have got some bad things going on in South Africa. You know, we are paying them billions of dollars, and we cut the funding because a lot of bad things are happening in South Africa. The fake news ought to be looking at it, they don’t want to report it,” he said, before continuing to name other countries.
I will be in Cape Town on May 29-30 for the Finance Magnates Africa Summit. I hope to see you there.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about south african rand falls to all time low was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( South African rand falls to all-time low )
Also on site :