Statistics South Africa data showed last week that February inflation rose to 7.0% year on year from 6.9% in January, remaining above the bank's target of between 3% and 6%. The government's benchmark 2030 bond was stronger in early deals, with the yield down 3 basis points to 9.785%. (Reporting by Anait Miridzhanian; Editing by Bernadette Baum)
JOHANNESBURG, March 30 (Reuters) - South Africa's rand
firmed in early trade on Thursday, ahead of a central bank
interest rate decision later in the day.
At 0637 GMT, the rand traded at 18.1025 against the
dollar, 0.11% stronger than its previous close.
The South African Reserve Bank (SARB) is due to announce its
latest monetary policy move at a news conference starting around
1300 GMT, with investors expecting a 25-basis-point increase.
"Market focus is likely to rest on the statement and the
projections with the new rate outlook," Elisabeth Andreae, FX
analyst at Commerzbank, said in a research note, adding that the
hike is largely priced in by markets.
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