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Why a weaker rand is suddenly putting a SARB rate cut at risk
As the rand weakened to R16.14 against the dollar, down from R15.64 last week, expectations of a South African Reserve Bank interest rate cut in March are dimming as currency pressure narrows the central bank’s room to manoeuvre. Kristof Kruger, senior fixed income trader at Prescient Securities, said exchange rate movements play a critical role in inflation dynamics and monetary policy decisions. [...]