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South African rand muted ahead of inflation data, expected rate hike
JOHANNESBURG: The South African rand was muted in early trade on Wednesday as investors awaited inflation data and a monetary policy decision later in the day, with the central bank widely expected to raise interest rates. At 0616 GMT, the rand traded at 16.2125 against the dollar , down about 0.2% from its previous close. Statistics South Africa is due to publish August inflation data at 0800 GMT. Analysts polled by Reuters expect annual inflation to accelerate to 4.5%, from 4.3% in July. However, Nedbank economists forecast headline consumer inflation would remain unchanged at 4.3%, c...
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