South Africa urged to avoid rand intervention

A senior World Bank economist on Monday 31 January praised the South African Reserve Bank's strategy of cautiously accumulating foreign reserves and said a deliberate weakening of the rand could have negative consequences for the economy.

World Bank chief economist for Latin America Guillermo Perry said that commodity-rich Latin American countries had kept their interest rates very low, accumulated international reserves and boosted government savings to militate against their currencies appre

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: