MARKET WRAP: Rand firms as investors mull Reserve Bank decision

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

The Bank’s monetary policy committee kept the repo rate at 3.5% while it revised the GDP forecast to a contraction 8.2%

The rand pared earlier losses on Thursday as markets digested the SA Reserve Bank’s decision to keep interest rates unchanged.

At 5.55pm, the rand had firmed 0.28% to R16.2260/$ reaching R16.17/$ earlier in the day, its best level since March. It had strengthened 0.20% to R19.1868/€ and 0.28% to R21.0126/£. The euro had firmed 0.11% to $1.1825.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.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

MARKET WRAP: Rand at best level in six months with focus still on central banksThe rand reached its best level in six months on Wednesday 🔒
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Discovery Bank opens new front in the battle for market shareThe group will begin using its formidable broker network to market the behavioural bank
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Discovery Bank opens new front in the battle for market shareThe group will begin using its formidable broker network to market the behavioural bank
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: Rand at best level in six months with focus still on central banksThe rand reached its best level in six months on Wednesday 🔒
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »