3:14 PM / Updated a day agoUPDATE 1-S.
African assets recover as central bank turns to quantitative easing3 Min Read(Adds latest prices) JOHANNESBURG, March 25 (Reuters) - South African assets recovered on Wednesday after the central bank launched a bond-buying programme, seeking to drum up demand in credit markets as the coronavirus epidemic weighs on the country’s already ailing economy. At 1400 GMT the rand was 0. 4800 per dollar, pulling back for a session best of 17.
2600 hit soon after the South African Reserve Bank’s (SARB) announcement that it would purchase government bonds for an unlimited period.