Rand risk rises if SARB hikes but guides cautiously
Commerzbank’s Volkmar Baur said a 25 bps SARB rate rise is fully priced in, but the rand could fall if the central bank raises rates on Wednesday without signaling further hikes.
The South African rand could come under pressure if the country's central bank lifts interest rates on Wednesday but does not signal additional hikes, Commerzbank's Volkmar Baur said in a note. Baur said a 25bps rate rise is fully priced in. The South African Reserve Bank held rates steady contrary to expectations.