21 Mar 2014
Economic activity would improve in South Africa - ANZ
FXStreet (Barcelona) - Amber Rabinov, Strategist at ANZ, sees potential for further economic recovery in South Africa.
Key Quotes
"Positive surprises in the macro data flow point to a recovery in South African economic activity."
"Inflation trends remain key for the direction of monetary policy. Monetary policy will tighten in 2014, but higher interest rates will be largely dependent upon the pass-through of the weaker rand into faster inflation outcomes and a continuation of the recovery in economic growth."
"Don’t be overly distracted by the upcoming national election. The most important drivers for the rand are global and domestic economic, monetary and geopolitical developments."
Key Quotes
"Positive surprises in the macro data flow point to a recovery in South African economic activity."
"Inflation trends remain key for the direction of monetary policy. Monetary policy will tighten in 2014, but higher interest rates will be largely dependent upon the pass-through of the weaker rand into faster inflation outcomes and a continuation of the recovery in economic growth."
"Don’t be overly distracted by the upcoming national election. The most important drivers for the rand are global and domestic economic, monetary and geopolitical developments."