Reserve Bank of South Africa: too much inflation to lower rates

Market news

24 August 2016

Reserve Bank of South Africa: too much inflation to lower rates

- South Africa running out of room to borrow

- less nominal wage pressure on prices would help lower CPI

- government has duty to support the unemployed

- underlying inflation "reasonably well contained"

- local institutions could be less hostile to small firms

*via forexlive

The pound appreciated sharply against the US dollar once again rising above the level of $ 1.3200, and updating the 3-week high, helped by a significant drop of EUR / GBP. GBP / USD is trading at $ 1.3221, with an increase of 0.2%.

UK, BBA: Data does not currently suggest borrowing patterns have been significantly affected by the Brexit vote

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