The South African rand remained stable after its first weekly gain in a month, thanks in part to better-than-expected inflation data (4.7% YoY in July). According to Nedbank economists, this data provides room for the central bank to maintain the current interest rates, easing pressure on domestic demand. Key economic data releases for the coming week include producer inflation, money supply, private sector credit extension, and July’s trade balance. The country’s benchmark 2030 government bond was flat, with a 10.21% yield.