Commerzbank AGCBK
± MixedMonetaryrelevance
Commerzbank is only the analyst forecasting the SARB hike, not a subject of the news.
Commerzbank's Volkmar Baur expects the South African Reserve Bank to deliver a 25 basis point rate hike after surprising markets by holding rates in July. The call points to a hawkish tone from the central bank as it returns to tightening following its July pause.
Commerzbank AGCommerzbank is only the analyst forecasting the SARB hike, not a subject of the news.
SARB expected to hike 25bp, tightening policy supports ZAR over USD.