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SARB hikes rates by 25bps; 50bps expected

It appears SARB could have gone with 50bps, but held back due to ongoing load shedding and the hit it may take on the economy.

January 26, 2023 09:47 PM
    Gold nuggets

    Is the South African Rand pointing to a new low in Gold?

    The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.

    September 8, 2022 09:12 PM

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      Uptrend

      SARB continues its rate hike cycle by surprising markets with a 75bps hike

      Earlier in the week, South Africa released its June CPI at 7.4% YoY vs 7.2% YoY expected and a June reading of “only” 6.5% YoY.

      July 21, 2022 09:16 PM
        Close-up of market chart

        USD/ZAR near key technical level ahead of SARB

        If the SARB raises rates less than expected or if the statement is less hawkish than expected, the pair may break higher.

        May 18, 2022 09:10 PM
          Board of currencies

          USD/ZAR pushing 5-month lows ahead of SARB

          Whether the central bank raises rates by 25bps or 50bps may depend on the outcome of the CPI report!

          March 22, 2022 07:33 PM
            Gold nuggets

            How to use the Gold USD correlation to trade fx

            Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

            October 6, 2021 07:24 PM

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