The exchange rate, the election, and the MPC

Yesterday in line to vote someone asked me if the rand had started to fall yet. It is the case that sentiment, especially around an election, can play a role, but then I thought it might be interesting to talk about the factors that determine the exchange rate. It is not this week's changes in the rand-dollar rate, but the underlying, fundamental drivers of the exchange rate. This episode is supported by the NWU Business School.