JSE slips with market seeking new direction

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Sverige Nyheter Nyheter

The rand is trading at a seven-week high after the Reserve Bank’s MPC raised the interest rate by 50 basis points

The rand kept steady below the R18 against the dollar on Friday morning, while the JSE was weaker amid mixed global peers, with investors awaiting fresh news for direction.

The local currency held on to its seven-week best after the Reserve Bank’s monetary policy committee raised the interest rate by 50 basis points — higher than the market expectation of 25 bps, bringing the central bank’s benchmark repo rate to 7.75%, the highest since 2009...

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

MARKET WRAP: JSE firms as global banking fears easeConcerns about higher interest rates pushing the global economy into a recession are still evident though, analysts warn
Källa: BDliveSA - 🏆 12. / 63 Läs mer »