The current account deficit is above the 3% benchmark, a high-water mark generally considered to flag pending currency weakness to restore a balance between exports and imports.
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This quote is just one of 8 total Colen Garrow quotes in our collection. Colen Garrow is known for saying 'The current account deficit is above the 3% benchmark, a high-water mark generally considered to flag pending currency weakness to restore a balance between exports and imports.' as well as some of the following quotes.
Apart from placing upward pressure on the yields in these markets, short-term rates may also respond, higher.
Interestingly, the forecast for December may be little changed from the previous month, around 3.7%, bringing the average for 2005 to less than 4.0%, a highly respectable figure.
Another issue likely to resurface is the matter of 'a more competitive exchange rate', deciphered as code for the rand to weaken. Moral suasion such as this may be good for export-biased manufacturers, but will hardly be considered good for observers of inflation, or long-term interest rate markets.
This quote is just one of 8 total Colen Garrow quotes in our collection. Colen Garrow is known for saying 'The current account deficit is above the 3% benchmark, a high-water mark generally considered to flag pending currency weakness to restore a balance between exports and imports.' as well as some of the following quotes.