JOHANNESBURG, Nov 20 (Reuters) – The South African rand slipped in early trade on Thursday, as investors looked ahead to the central bank’s interest rate decision, the first meeting since the finance minister officially confirmed that the central bank’s inflation target is now 3%.
At 0728 GMT the rand traded at 17.2225 against the dollar , about 0.2% weaker than its previous close.
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The South African Reserve Bank (SARB) is scheduled to announce later in the day whether it will adjust its main lending rate.
South African rand weakens ahead of interest rate decision
