Johannesburg - Government bonds weakened on Friday, extending the previous day's losses, after the South African Reserve Bank (Sarb) signalled inflationary pressures were narrowing its scope to pause hiking interest rates.
The rand held steady versus the dollar and was expected to track moves in the greenback on the day, ignoring the moderately hawkish monetary policy statement.
READ: Sarb governor keeps interest rate the same
Sarb left interest rates unchanged as expected on Thursday to support the ailing economy, balancing concerns about a deterioration in the inflation outlook with those over weak growth.