Over the past week, the rand has shown reduced volatility, trading within a relatively narrow range between 16.86 and 16.98, and is currently at 16.88. Brent Crude has also eased slightly after reaching a 12-month high of 118.35 last week, now trading at 111.25. Similarly, the swap market has softened, with the 2-year trading at 7.23% and the 3-year at 7.28%.
Looking ahead to the week, the only notable economic release comes from the US, where inflation data is due on Friday. Economists expect CPI (YoY) to increase by a full percentage point to 3.4%, placing inflation 1.4% above the Federal Reserve’s 2% target.
