Around half of the fall in the rand over the past month or so appears to have been due to global factors, while the other half has possibly been due to domestic factors such as labour unrest. With these problems unlikely to abate any time soon, we expect the currency to remain weak in the coming months, making interest rate cuts difficult.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services