@SAReserveBank The bond market and the rand is sending a clear message. Policy is too restrictive. This is the opposite scenario to 2022-2025 when markets were looking for higher rates with the rand and bonds falling out of bed. @KganyagoLesetja
@SAReserveBank@KganyagoLesetja The bond market and the rand is sending a clear message. Policy is too restrictive. This is the opposite scenario to 2022-2025 when markets were looking for higher rates with the rand and bonds falling out of bed. You guys don't learn!
@SAReserveBank@KganyagoLesetja Bond yields and the rand are clearly indicating policy is too restrictive right now. You guys weren't hawkish enough from 2022-2025 (when the rand fell out of bed and bond yields shot up). Now you are too restrictive. Again just look at the rand and yields.
@SAReserveBank With bonds where they are, the strong rand and a doveish Fed, you will soon be able to cut rates to support growth and jobs @KganyagoLesetja