|Currencies||The new week started with the rand trading at 14,8250. The local unit remained confined to a narrow range for most of the day, trading between 14,7500 and 14,8600.|
|Commodities||Brent crude oil has moved back above USD74,50 per barrel; gold is little changed.|
|09/22||SA||CPI||–/4,9%/4,6%||Higher food and fuel prices.|
|09/22||US||FOMC rate decision||–/0,25%/0,25%||Rates expected to remain unchanged at the upper bound of 0,25%.|
|09/23||UK||BOE rate decision||–/0,1%/0,1%||No change expected in policy rate.|
|09/23||SA||SARB interest rate decision||–/3,5%/3,5%||No change expected given low growth in 3Q.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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