(Reuters) - The South African rand pared losses after the central bank raised benchmark interest rates on Thursday by half a point to 9.50 percent.
The rand which was starting to strengthen from session lows on hawkish comments from Central Bank Governor Tito Mboweni strengthened even further after monetary policy was tightened. The move was expected by the financial markets.
Read more at Reuters Africa
The rand which was starting to strengthen from session lows on hawkish comments from Central Bank Governor Tito Mboweni strengthened even further after monetary policy was tightened. The move was expected by the financial markets.
Read more at Reuters Africa
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