Nico Kelder
Nico Kelder
accumulate bank buying continues exchange foreign increase markets mindful position quest quickly responsibility steady time upset
The steady increase in the international liquidity position indicates that the Bank is not just buying foreign exchange as quickly as it can, but also that at the same time it continues to be mindful of its responsibility not to upset the markets in their quest to accumulate foreign exchange.
billion performance poor projected rand trade
Of this projected deficit, 21 billion rand originates from the poor performance of the trade account.