Goldman Says Iran War Risks Weighing on Rand, Forcing Rate Move

Prolonged higher oil prices could force the South African central bank to consider raising interest rates as a weaker rand pushes inflation higher than it’s prepared to tolerate.

By S'thembile Cele, Mpho Hlakudi · Bloomberg Markets

Prolonged higher oil prices could force the South African central bank to consider raising interest rates as a weaker rand pushes inflation higher than it’s prepared to tolerate.