The Effect of Changing Interest rates on foreign investment
The effect of changing interest rates on foreign investment
The central bank has raised interest rates 4 times so far this year in an effort to counter inflationary pressures from the rands plunge last year. After the events of September 11 last year many investors became worried about their investments and elected to withdraw their savings and to rather invest in less riskier markets. This and the balance of payments deficit were probably the main the causes of the sli
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