Rand holds steady ahead of inflation and rate decision
The South African rand traded flat early Wednesday as markets awaited key inflation figures. The central bank is widely expected to deliver a 25-basis-point interest rate hike.
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Xurve View
The South Africa rand traded flat against the USD/ZAR pair during Wednesday morning trade as investors braced for key inflation data and an expected interest rate hike. The currency hovered at 16.2125, down 0.2% from its prior close. Markets are pricing in monetary tightening to counter persistent price pressures.
