https://newsletter.en.creamermedia.com
Africa
Africa
africa

South African rand stable as traders wait for interest rate decision

Rand Currency

Photo by Reuters

28th May 2025

By: Reuters

  

Font size: - +

The South African rand was flat in early trade, as traders held off from big bets before the central bank's interest rate decision on Thursday.

At 0645 GMT, the rand traded at 17.9725 against the dollar, a whisker away from Tuesday's closing level.

The South African Reserve Bank will announce its latest monetary policy decision at around 1300 GMT on Thursday.

The majority of economists polled by Reuters expect the bank to trim its main lending rate by 25 basis points, though a significant minority think the rate could be left unchanged.

Inflation is currently below the central bank's target range, though policymakers have stressed risks from US President Donald Trump's trade war and domestic politics.

South Africa's benchmark 2030 government bond was slightly weaker in early deals, with the yield up 2 basis points to 8.86%.

Edited by Reuters

Comments

Showroom

Tractor & Grader Supplies
Tractor & Grader Supplies

Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.196s - 151pq - 2rq
Subscribe Now