SARB Responds to Current Rumours

MARKETSFORU

We have written some time ago that traders are speculating that the South Africa Reserve Bank may meet earlier than expected  and now an official response has been published.
Deputy Governor Groepe said that next policy meeting will be on 26-28 January, in line with the official schedule. So no action from the SARB is expected until the end of January, but given how the Rand behaves, the situation may change in any moment.