Rand remains firmer as Reserve Bank keeps repo rate unchanged
The Reserve Bank says the rand has depreciated 4.6% to the dollar since the last MPC meeting in July
The rand was little changed after the SA Reserve Bank opted to keep the interest rate unchanged on Thursday. The central bank's monetary policy committee unanimously chose to keep the repo rate at 6.5%, a move that was largely priced in by the market.
The bank revised its inflation forecast for 2019 down to 4.2%, from 4.4%.