While an environment in which the rand remains strong is always appropriate for something more creative, the National Treasury is unlikely to deviate from its consistent path of removing exchange controls gradually.
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This quote is just one of 8 total Colen Garrow quotes in our collection. Colen Garrow is known for saying 'While an environment in which the rand remains strong is always appropriate for something more creative, the National Treasury is unlikely to deviate from its consistent path of removing exchange controls gradually.' 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 'While an environment in which the rand remains strong is always appropriate for something more creative, the National Treasury is unlikely to deviate from its consistent path of removing exchange controls gradually.' as well as some of the following quotes.