With the US closed for Thanksgiving, it will be a quiet day for international markets. But it is a busy day in SA, with an interest rate decision, along with results from Tiger Brands, PPC, Stenprop, Freedom Property and Primeserv. The rand was back comfortably under R14/$, R16/€ and R18/£, with traders appearing to bet Reserve Bank governor Lesetja Kganyago will raise interest rates when he announces the monetary policy committee’s verdict at 3pm on Thursday. After reaching R13.83/$ on Thursday, the rand was trading at R13.93/$, R15.87/€ and R17.81/£ at 6.20am.

Of the 21 economists in a Bloomberg survey, 11 forecast the repo rate will be increased by 25 basis points to 6.75%, and the rest predict the rate will stay at 6.5%. “In November, policymakers are unlikely to vote unanimously. With the retirement of monetary policy committee member Brian Kahn at the end of September, the panel currently consists of six members, which means a 50-50 split of votes is possible,” PwC Strat...

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