The rand was on track for its sixth session of gains on Friday as investors digested the SA Reserve Bank’s decision to keep interest rates unchanged.
The rand has continued to strengthen after the Bank’s monetary policy committee meeting, with movements guided by international monetary policy announcements by the US Federal Reserve and the Bank of England.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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MARKET WRAP: Rand firms as investors mull Reserve Bank decisionThe Bank’s monetary policy committee kept the repo rate at 3.5% while it revised the GDP forecast to a contraction 8.2%
Source: BDliveSA - 🏆 12. / 63 Read more »