SARB Deliver Another 50bps Hike with the Rand Unfazed, USD/ZAR Hits New All-Time High
SARB RATE DECISION AND USD/ZAR OUTLOOK:The South African Rand Experienced Renewed Selling Pressure Despite a 50bps Hike by the South African Reserve Bank (SARB).Food Price Inflation Revised Up Again to 10.8% in 2023.GDP Growth Adjusted…