Looking Back at (a Newsworthy) Third Quarter
On the local front, the SA Reserve bank (SARB) cut the repo rate by 25bps to 6.5% in July. It was left unchanged in September. The domestic economy remains weak.
Average inflation was 4.3%, which was below the mid-point of the SARB target range.
The Rand traded in a volatile range – from a low of USD/ZAR 13.97 to a weakest level of USD/ZAR 15.50 in mid-August.