Debate about the SARB’s autonomy is causing pressure on ZAR – Commerzbank

The Rand has come under pressure since the start of the week. Debates about a South African central bank’s change of mandate are pounding the ZAR, economists at Commerzbank report.

Debates about a change of the SARB mandate

“The plans of the governing party ANC are causing uncertainty amongst ZAR investors. They fear for the central bank’s autonomy.”