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ZAR Gains Ahead of Expected +25bp Hike from the SARB

SOUTH AFRICA
  • 40 minutes to the SARB - Youtube webcast link: https://www.youtube.com/watch?v=Mp6JTeydaMw
  • +25bp hike expected, in line with consensus
  • 1x4 FRA-Jiba +27.5bp
  • USD/ZAR -0.41% at 14.70
  • SAGBs bull flatter on the day: 10Y -6.4bp, 30Y -8.5bp
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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