BUSINESSTHE RIO TIMES
South Africa’s Central Bank Turns Dovish, Sending the Rand Toward 17 per Dollar
The South African Reserve Bank (SARB) adopted a dovish stance at its July meeting, maintaining the key repo rate at 7.0% while signaling a softer monetary policy path. This caused the South African rand to weaken, with the U.S. dollar rising toward 17 rand.
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