南非3个月期国债 (SouthAfrica3M) 加自选

南非兰特兑美元微涨至17.3，徘徊在2024年11月的高点附近，受到贵金属价格（尤其是黄金）强劲和美元疲软的支撑。投资者的注意力集中在即将公布的国内通胀数据以及美联储和南非储备银行本周晚些时候的预期政策决定上。与此同时，在国家财政部和央行就采用较低的通胀目标进行持续讨论的情况下，该国的通胀预期在第三季度继续放缓。人们普遍预计，新加坡储备银行将在9月18日将基准贷款利率保持在7%不变，旨在遏制价格压力，并逐步将预期与3%的通胀目标保持一致。7月份的通货膨胀率从3月份的2.7%上升到3.5%，年终预测接近4%。一些分析师认为，该行对通胀目标的前瞻性指引将鼓励其在5月和7月降息后维持目前的回购利率。

The South African rand firmed slightly toward 17.3 per USD, hovering near November 2024 highs, supported by strong precious metals prices—particularly gold—and a weakening US dollar. Investor attention was focused on the upcoming domestic inflation data and anticipated policy decisions from both the US Federal Reserve and the South African Reserve Bank later in the week. Meanwhile, the country’s inflation expectations continued to ease into Q3 amid ongoing discussions between the National Treasury and the central bank about adopting a lower inflation target. The SARB is widely expected to keep its benchmark lending rate unchanged at 7% on September 18, aiming to contain price pressures and gradually align expectations toward a 3% inflation target. July inflation rose to 3.5% from 2.7% in March, with year-end forecasts near 4%. Some analysts believe the bank’s forward guidance on the inflation target will encourage it to maintain the current repo rate following cuts in May and July.