The South African rand surged to its highest point since July after the Federal Reserve started cutting interest rates and as the country’s central bank prepares for its cut. The USD/ZAR exchange rate dropped to a low of 17.50, much lower than the year-to-date high of 19.91....
Thirdly, we rely on the more powerful flexible Fourier unit root test in testing for integration properties of the real exchange rate. All-in-all, our findings highlight the Reserve Bank's success in protecting the purchasing power of different economic agents particularly for periods subsequent ...
s balance of risk assessment, the next MPC meeting scheduled for September 19, will be preceded by the FOMC on September 18, and three SA inflation prints for June, July and August (F:4.9%). The MPC’s starting point for the R/$ exchange rate was R18.35/$ from R18.60/$ previously....
Evidence shows that an increase in the SARB holdings of government securities results in the appreciation of the R/US$ exchange rate, and lowers inflation outcomes and expectations. These factors assist the SARB in achieving its price stability mandate. Furthermore, positive shocks to the SARB ...
Set up an exchange rate alert,here The Rand outperformed on Thursday after theSouth African Reserve Banksignalled ease with the currency’s 2021 rally when staying a steady policy course for the month of May, leading USD/ZAR to dive bomb the 14.0 handle as the South African un...
Analysts polled by Reuters predict a 25-basis-point (bp) rate hike by the South African Reserve Bank (SARB) on Thursday, in what could be its final hike of 2023. “This will be one of the most important decisions in years. Our house view is for a 25 bp hike,” Rand Merch...
No abstract is available for this item. Chair,MD Knight - Economic Policy Symposium-jackson Hole 被引量: 797发表: 2005年 Talking heads: the effects of ECB statements on the euro–dollar exchange rate This paper studies the reaction of the conditional mean and volatility of the euro–dollar ex...
The mixture was stirred for 1 h at room temperature, then centrifuged for 12 min at 12,000 × g. The supernatant was transferred to a syringe and loaded onto a syringe pump, then the supernatant was added at a rate of 30 mL/h to 1 L of chilled PBS that was stirring ...
recognized both the SARS-CoV-2 prefusion-stabilized S ectodomain trimer and the recombinant RBD with picomolar affinities, albeit with a slower on-rate for binding to S (presumably owing to limited epitope exposure)12,13(Extended Data Fig.2a). Finally, S2X259 binding was unaffected by several ...
exchange ratesstructural estimationBayesian analysisThis paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to estimate the South African Reserve Bank's (SARB) policy reaction rule. We find that the SARB has a stable rule very much in line with those estimated for Canada, UK, ...