On rising interest rates (and tensions) in South Africa

The Money Show’s Bruce Whitfield interviewed Razia Khan, Managing Director and Chief Economist for Africa Global Research at Standard Chartered Bank.

Khan spoke about The Monetary Policy Committee’s interest rate announcement amid the current political and economic climate of the country.

Scroll down for quotes from the audio below.

We thought the MPC could’ve done 50 basis points.

Razia Khan

Agriculture is likely to be a substantial drag on growth.

Razia Khan

The picture is not bleak across the board.

Razia Khan

The market expects a downgrade; it seems to be a foregone conclusion.

Razia Khan

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