The rand has fallen about 10% against the US dollar this year on the spot. Economists at Société Générale expect the USD/ZAR pair to fall to 15 by the end of 2023. INTEREST RATES LIKELY TO REMAIN AT 8% UNTIL THE END OF 2023 China’s reopening and broader USD weakness should push USD/ZAR higher down to 15:00 by the end of 2023 in our view. „Inflation peaked five months ago but remains above the 3-6% target range. We expect the central bank to slow the pace of tightening and add two more 50 basis points to 8% in the first quarter of 2023.” Interest rates are likely to remain at this level until the end of 2023. „GDP growth may slow from 1.9% this year to 1.2% in 2023.”

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.