South Africa: Reserve Bank Expected to Hold Rates Steady As Rand Provides Some Respite

[Daily Maverick] The South African Reserve Bank is seen keeping its key repo rate steady at 8.25% when its Monetary Policy Committee concludes its last scheduled meeting of 2023 on Thursday. The stars are aligned for a hold -- but not a cut -- with the rand near four-month highs amid expectations that US interest rates have peaked.

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