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Stronger rand still vulnerable - Kganyago

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Johannesburg – The South African Reserve Bank’s (Sarb) inflationary outlook has improved, and one of the reasons underpinning this is the stronger rand. However, governor Lesetja Kganyago said the currency was still at risk.

Following the Monetary Policy Committee (MPC) meeting in Pretoria, Kganyago said that the rate would remain at 7%, partly because of the strengthening rand. He explained that the rand had appreciated due to the unchanged US monetary policy.

READ: Sarb holds interest rates steady

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