BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
The biggest hurdle in front of SARB is lower forex reserve which is just over USD40bn only and ZAR weakness.
- The weakening of the National Treasury leaves the SARB to lower its interest rates.
- In general Central bank cannot really prevent currency depreciation but can try to moderate the effects of a weak ZAR on inflation this only reason SARB hiked its policy rate in both 2014 and 2015.
- The downside pressure on the ZAR clearly increases the pressure on the SARB to tighten further.
- ZAR extends losses against dollar to 1.7 percent, reaches new record low of 16.1300 on Thursday during European hours.
