The European Central Bank cut all three of its interest rates and expanded its asset-buying program.
The rand responded by rallying to its best level to the dollar since December 16.
The Money Show’s Bruce Whitfield interviewed Busisiwe Radebe, an economist at Nedbank.
Scroll down for quotes from the audio below.
The ECB is flooding the market with cheap money.— Busisiwe Radebe
The fundamentals are still weak.— Busisiwe Radebe
We think the rand will average R16.68 to the dollar for the year, but only if we don’t get downgraded.— Busisiwe Radebe
If we’re downgraded the rand could go to R19 to the dollar.— Busisiwe Radebe
The rand might strengthen in the short-term to R14 to the dollar.— Busisiwe Radebe
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews MTN Group CEO Rob Shuter.
Andrew Ross of Chaos Theory experiments on-air to see which food delivery app is the best one to use.
The Money Show’s Bruce Whitfield interviews branding and advertising expert Andy Rice about Merc's stirring new ad.
The Money Show’s Bruce Whitfield interviews Ian Edwards of wealth manager Austen Morris Associates.
The Money Show’s Bruce Whitfield interviews Telkom Group CEO Sipho Maseko.
Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).
The City of Cape Town's JP Smith says four of the existing municipal pools will be converted into salt water pools.
Tilana Stander talks about the abuse she suffered at the hands of her father.
The woman comes out of the crash without a scratch but is visibly distressed by the incident that she may have to explain later.
Councillor JP Smith says the City has started to get the ball rolling to expand the traffic service to cover night time.