MARKET WRAP: Rand inches down on expected rate cuts
Market bets are at 100% that Fed will cut rates in September
22 July 2024 - 19:00
The rand weakened for a fourth consecutive day with analysts expecting the Reserve Bank to begin cutting interest rates at its next monetary policy committee (MPC) meeting in September.
The result of that meeting is scheduled to be announced on September 19, just one day after the US Federal Reserve will make a call on rates there...
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