Head Topics

Rand weakens, monetary policy in focus

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

JOHANNESBURG - The rand weakened on Monday, as cautious investors awaited clues on monetary policy from the local central bank and some of the world’s major central banks, as well as developments in U

.S.-China trade talks.South Africa’s central bank decides on lending rates for the last time in 2019 on Thursday, and the regulator is expected to keep the level unchanged at 6.5%.

South Africa’s relatively high rates, combined with benign consumer inflation, has shielded the rand from large selloffs despite a deteriorating fiscal and economic outlook and is set to keep it below the 15.00 mark going into year-end. “Should the SARB adopt a cautious stance and express concerns over the South African economy, the rand will be thrown in the direct firing line.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand weakens as trade talk moves remain in focusStatistics SA is expected to publish mining production data later in the day
Source: BDliveSA - 🏆 12. / 63 Read more »

Police shut down 'drug lab' on West RandTwo suspects were arrested for manufacturing illicit drugs and possession of drugs
Source: TimesLIVE - 🏆 28. / 59 Read more »

Rand firms slightly, traders await Sino-US trade talk developmentsThe rand firmed slightly in early trade on Monday, clinging on to the previous week’s gains, as cautious investors awaited developments in US-China trade talks, and the local central bank’s rates decision later in the week.
Source: ewnupdates - 🏆 30. / 53 Read more »

PSL smashes billion-rand revenue markSuperSport paid more than R2-billion this year for a five-year renewal of the deal to screen the South African Premiership and three knockout competitions.
Source: eNCA - 🏆 49. / 51 Read more »

Rand weakens as trade talk moves remain in focusStatistics SA is expected to publish mining production data later in the day
Source: BDliveSA - 🏆 12. / 63 Read more »

China’s rate cut helps global shares to near record highsIt is hard to avoid concluding that China is slowly easing monetary policy, having held off in recent months, one analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »