Posted 9/18/2023, 7:36:00 AM

South African Markets Cautious Ahead of Key Interest Rate Decisions

South African rand steady ahead of interest rate decisions this week by South African Reserve Bank and U.S. Federal Reserve
SARB expected to keep rates unchanged but remain hawkish due to inflation concerns from higher fuel prices
Fed also expected to keep rates steady but outlook hawkish given oil price and inflation
Johannesburg Stock Exchange opened lower, with Top-40 index down over 0.6%
South Africa's 2030 government bond yield slightly higher in early trading

reuters.com

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