Ahead of a Demonstration Against the Government, the South African Rand Drops

Mouad Boudina
Mouad Boudina
1 Min Read
RQNDS

Prior to planned rallies by the Marxist Economic Freedom Fighters (EFF) party, the South African rand lost value against the dollar on Monday.

The rand was trading 0.16 percent worse versus the dollar at 18.4350 at 07:43 GMT.

According to a poll released on Monday, South Africa’s Reserve Bank will increase interest rates by 25 basis points on March 30—the final increase of this cycle—in preparation for lower inflation and a weaker economy as a result of power outages.

Statistics On Wednesday, South Africa will release its February inflation numbers (ZACPIY=ECI), which will provide additional details regarding the condition of the continent’s most developed economy.

Mouad Boudina

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