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The rand firmed to 15.15 per dollar after South African headline inflation slowed to 4.0% year-on-year in July, below consensus. Bonds also firmed, with the 10-year yield down 4 basis points.
Economists were divided on whether the Reserve Bank would cut rates again in September.
Lower inflation supports the rand's carry appeal and can ease import price pressure, but the gain depends on whether rate expectations hold.
moneyweb.co.zaMfuneko Toyana, ReutersAug 22, 2019Not 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.
