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John Loos, economist of the Absa Group, says interest rates could remain unchanged until mid-2006, although further minor reductions cannot be ruled out.
The oil price continues to set new record highs, with speculators continuously finding new reasons why it would go even higher.
The rand weakened yesterday as the price of gold dropped, but traders said further losses were likely to be limited ahead of the outcome of the Reserve Bank's two-day monetary policy meeting.
Nico Kelder reports that this was mainly due to the gold price reacting negatively to the strong dollar.
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