Rand holds steady before SARB’s interest rate announcement
RMB analysts expect a final hike in the cycle on Thursday, despite higher inflation in February
30 March 2023 – 11:00
The rand was little changed on Thursday morning, while the JSE was firmer along with its global peers, with the local focus on the SA Reserve Bank’s (SARB’s) interest-rate announcement later in the afternoon.
The SARB will conclude its monetary policy committee meeting on Thursday, with markets expecting a 25 basis-points hike, taking the repo rate to 7.5%. ..
Source: businesslive.co.za