Rand climbs to three-week high as interest rates remain on hold
The latest decision follows a weak inflation report, which raised questions over the possibility of a cut
The rand extended gains on Thursday afternoon as the Reserve Bank opted to keep the repo rate unchanged at 6.5%, in line with market expectations.
Shortly after the announcement, the rand had firmed 0.9% to R14.6505/$, a level it has not seen since October 30. It had strengthened 0.71% to R16.248/€ and 0.54% to R18.993/£. ..