JOHANNESBURG: South Africa's rand was largely flat against the dollar in early trade on Monday, with traders expecting it to take its cue mainly from global market trends ahead of local CPI data and an interest rate decision later in the week.
Economists polled by Reuters last week expected consumer inflation to remain unchanged at 5.9 percent when Statistics South Africa releases October data on Wednesday, staying within the central bank's 3-6 percent target band.
The Reserve Bank is likely to keep interest rates stable at 5.75 percent when it concludes its last policy meeting of the year on Thursday, the survey also found.
The rand was at 11.0880 against the dollar at 0641 GMT, barely moved from where it ended Friday's session in New York. In fixed income, the yield for the benchmark government bond maturing in 2026 fell 5 basis points to 7.835 percent.
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