The JSE closed firmer and global peers were mixed on Thursday as the rand firmed with investors digesting policy decisions by the Reserve Bank and the European Central Bank .
The Reserve Bank’s monetary policy committee raised the repo rate for a fifth successive meeting — by 75 basis points to 5.5% — in a move to curb accelerating inflation, which remained above the Bank’s target range of 3%-6%. Annual consumer inflation reached a 13-year high of 7.4% in June, well above May’s 6.5%, according to latest figures from Stats SA...
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