{"id":15458,"date":"2025-11-17T15:36:45","date_gmt":"2025-11-17T13:36:45","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-flat-as-focus-shifts-to-domestic-inflation-rate-setting-meeting\/"},"modified":"2026-02-27T16:27:40","modified_gmt":"2026-02-27T14:27:40","slug":"rand-flat-as-focus-shifts-to-domestic-inflation-rate-setting-meeting","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-flat-as-focus-shifts-to-domestic-inflation-rate-setting-meeting\/","title":{"rendered":"Rand flat as focus shifts to domestic inflation, rate-setting meeting"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">At 15h24 CAT, the Rand traded at 17.0775 against the United States Dollar, at the same level as Friday&#8217;s close, as traders shrugged off S&amp;P Global&#8217;s first credit upgrade of SA in nearly 20 years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;The muted reaction reflects that the move was largely priced in, though the upgrade, combined with Treasury&#8217;s backing of a 3% inflation target, supports SA&#8217;s longer-term risk profile,&#8221; said Wichard Cilliers, Head of Market Risk at TreasuryONE, in a note.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">This week&#8217;s economic calendar will feature October consumer inflation figures and September retail sales data on Wednesday, followed by the central bank&#8217;s interest rate decision on Thursday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">Economists polled by <\/span><em><span data-preserver-spaces=\"true\">Reuters <\/span><\/em><span data-preserver-spaces=\"true\">expect that the Monetary Policy Committee will cut its main lending rate by 25 basis points to 6.75%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">On the Johannesburg Stock Exchange, the Top-40 index was flat <\/span><span data-preserver-spaces=\"true\">though<\/span><span data-preserver-spaces=\"true\"> the benchmark 2035 government bond was firmer, with the yield falling 4 basis points to 8.615%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">&#8211;Reuters&#8211;<\/span><\/p>\n","protected":false},"featured_media":15459,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15458","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The South African (SA) Rand was flat for much of Monday's trading session as investors awaited domestic inflation data and an interest rate decision later this week.","published_date":null,"news_description":"The South African (SA) Rand was flat for much of Monday's trading session as investors awaited domestic inflation data and an interest rate decision later this week.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15458\/revisions"}],"predecessor-version":[{"id":19687,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15458\/revisions\/19687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15459"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15458"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}