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, ...
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....
has not adjusted the country risk premium. Even though SAGB yields have rerated on expectations of fiscal policy continuity, government debt remains elevated and fiscal risks have not abated. Further, the assumption for G3 interest rates has not changed as the MPC awaits guidance from the FOMC...
Sims and Wu (2019) state that QE policies can be undertaken irrespective of whether conventional policy is constrained by the zero-lower bound (ZLB) or not. In addition, QE is more effective when short-term rates are fixed. 3. The policy of QE or central bank expansion is different to ...
Transfer specialist rates (indicative): 19.60-19.64 Get a specialist rate quote,here 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 mon...
Stephen Grootes speaks to Khaya Sithole, Chartered Accountant about the listing of State-owned enterprises on the JSE and possible launch on the Soweto Stock Exchange. In other interviews, Menzi Ndhlovu, Senior Country Risk and Political Risk Analyst at Signal Risk, talks about the critical ...
its mandate of protecting the purchasing power of the country's citizens. To this end, we use quarterly data covering the post-inflation targeting era of 2002:Q1 to 2019:Q4 to re-examine Fisher's hypothesis for the South African economy by testing for stationarity in real interest rates. Our...