Although prudential limits to regulate the foreign exposure of domestic institutional investors still exist,  1 Group of Twenty  4  they have a built-in stabilising effect, such that as the rand depreciates, the institutions closer to their limit will breach the threshold and will over time be required to repatriate the funds.
The key interest rates have been raised 8 times by a total of 4 percentage points, latest yesterday by 25 basis points. The ECB's key policy rate is now at 3.5 percent. Euro area inflation has proved more persistent than expected despite falling energy prices and easing supply bottlenecks.