South Africa has been mostly spared the torrid conditions experienced elsewhere across the globe during the past year, a result of the credit contagion spread by souring US subprime mortgages. The local fixed-income market, however, has been far from quiet.
A series of surprise events has seen interest rates shoot up and down in recent months. From the end of May, hawkish remarks by the central bank governor, combined with a rethink in the way inflation is calculated - and an ensuing war of word
The week on Risk.net, July 7-13, 2018Receive this by email