The rand was shaky on Monday morning, slipping through R12/$ for the first time in two weeks, at the start of what could be a decisive week for the local currency.Markets will have plenty to digest in terms of key data and events this week.First up will be inflation data on Tuesday, along with the Reserve Bank’s quarterly bulletin, which contains crucial current account data.Economists expect inflation to have moderated to an annual rate of 4.10% in February, from 4.40% in January, a scenario that is likely to give the Reserve Bank a reason to consider cutting interest rates.Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman, said the Bank could announce a 25 basis point cut in rates after its monetary policy committee.But the committee’s ultimate decision on rates rests on an array of factors, including how it perceives the global monetary policy environment evolving.The US Federal Reserve’s policy in particular has the potential to benefit the do...
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