Thursday is likely to be a quiet day for global markets with the US closed for Thanksgiving.The JSE took a breather on Wednesday after reaching fresh peaks on Tuesday.The all share index fell 0.75% to 60,751 points, and the top 40 index fell 1.04% to 54,494 points.The rand was at R13.86/$, R16.40/€ and R18.47/£ at 6.45am.Reserve Bank governor Lesetja Kganyago announces the monetary policy committee’s decision at 3pm on Thursday. The Bank is expected to have voted to hold the repo rate at 6.75% If SA did not face the threat of both Moody’s and S&P Global Ratings downgrading the credit ratings of rand-denominated government bonds to junk on Friday night, the monetary policy committee might have cut interest rates by 25 basis points to 6.5%.On Wednesday, Statistics SA reported October’s inflation, as measured by the annual change in the consumer price index, slowed to 4.8%, placing it comfortably in the Reserve Bank’s 3%-6% target range."At the last monetary policy committee meeting in...
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