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View Full Version : S. Africa's Marcus Says Little Room for Rate Reduction - Bloomberg



NewsWhore
05-07-2012, 04:10 PM
S. Africa's Marcus Says Little Room for Rate Reduction (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH2BmWlhvTjMnx0wvpFkCm1xZNK5A&url=http://www.bloomberg.com/news/2012-05-07/s-africa-s-marcus-says-little-room-for-rate-reduction.html)
Bloomberg
While the central bank has been active in the foreign-exchange market to build its reserves, it doesn't try to set a level for the currency, she said. The rand may be moderately overvalued at current levels, Marcus said, without giving an estimate of ...

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