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Rand firmed as October CPI inflation data pointed toward a possible Reserve Bank interest rate hike. JSE shares gained ahead of the Monetary Policy Committee's announcement on Thursday.
Expectations of higher South African rates tend to support the rand, which lowers the local cost of dollar-priced feed imports.
businessday.co.zaLindiwe TsoboNov 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
