MARKET WRAP: Rand weakens as Reserve Bank keeps repo at record low
The JSE firms, but Investec’s chief economist says last week’s violence clouds the economic outlook for SA
22 July 2021 - 18:53
The rand weakened against the dollar after the Reserve Bank kept its benchmark rate at a record low, while the JSE closed firmer amid mixed global markets.
The Bank’s monetary policy committee (MPC) maintained the repo rate at 3.5% on Thursday, in line with the median forecast of 18 analysts surveyed by Bloomberg. ..
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