Rand at risk of volatility as SA starts policy change - Moneyweb

The transition will start Wednesday night and will see the central bank shifting to a surplus system from its current deficit set-up, meaning commercial banks will be allowed to hold and earn interest on excess reserves.

A change in the way South Africas central bank implements monetary policy may lead to greater volatility in the rand. The transition will start Wednesday night and will see the central bank shifting… [+2194 chars]

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