The Rand is trading at R18.96 per US dollar, and this week, the US is expected to announce interest rate adjustments. Most believe it will remain unchanged, which may also keep our rates unchanged. However, we are experiencing cost-push inflation again, with oil prices rising significantly and load shedding negatively impacting the Rand.

Brent oil prices increased sharply to $95 per barrel on Monday morning and are now at new technical levels due to stronger demand from China and lower supply, which continues to drive prices upward.