Jul
22
Analysts Split as Traders Hedge Bets on South African Rate Rise
ByEconomists haven’t been so divided in a year on South African interest rates. There isn’t much consensus among traders either.
Reserve Bank Governor Lesetja Kganyago will probably announce an increase in borrowing costs of 25 basis points to 6 percent, according to 17 of 31 economists surveyed by Bloomberg. The rest predict no change in the widest variance in opinion since policy makers raised the repurchase rate last July, according to data compiled by Bloomberg. That said, the median estimate hasn’t correctly predicted rate changes since November 2010…
Analysts Split as Traders Hedge Bets on South African Rate Rise
