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Nedbank Weekly Economic Monitor

Posted by Coastal Roy ⋅ February 20, 2012

Filed Under Nedbank Weekly Economic Monitor

20 Feb.

Nedbank Weekly Economic Monitor: Review of 13 to 17 February and preview of 20 to 24 February 2012.

The rand firmed at the end of the week on higher precious metal prices and improved risk appetite.
Retail sales rose by stronger than expected 8,7 % y-o-y in December.
Moody’s has downgraded some Eurozone sovereigns as the outlook for the currency area remains uncertain.
The Eurozone economy contracted by 0,3 % q-o-q in the fourth quarter, with Germany’s economy declining by 0,2 %.
UK inflation dropped further as the effects of the VAT increase were fully accounted for.

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About Coastal Roy

A consultant experienced in the financial sector in Africa and with a background of central banking, the financial system and information technology. Area of expertise: - Financial market development and regulation. - Payment, clearing and settlement systems modernisation and regulation. - Strategy and policy development for central banks and the financial sector. - Capacity building, advising and mentoring in financial sector development. Educational qualifications: - Master of Business Leadership, degree; UNISA - BSc (Hons) degree in Physics, Manchester University

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Nedbank Weekly Economic Monitor

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