The rand was firmer on Monday afternoon, pushing to a one-month high against a dollar, as markets considered forthcoming monetary and fiscal stimulus in the wake of flagging global economic growth.Chinese exports to the US slumping 16% in August — a surprise to the market — while Japanese second-quarter growth was also disappointing.
Barclays Research warned in a note on Monday that those hoping for large rate cuts or quantitative easing were likely to be disappointed, and the dovish message from the bank was likely to take the form of a renewed commitment to reach a higher inflation target.
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