JOHANNESBURG, April 25 (Reuters) - The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected.

At 1550 GMT, the rand traded at 19.0400 against the dollar , nearly 0.9% stronger than its previous close.

The dollar was last trading down 0.11% against a basket of other major currencies.

Statistics South Africa data showed producer inflation rose slightly to 4.6% year on year in March from 4.5% in February, in line with the expectations of analysts polled by Reuters.

The central bank said this week that bringing consumer inflation back to the midpoint of its target range was likely to be a "bumpy and protracted" journey.

The South African Reserve Bank has held its main interest rate at 8.25% (ZAREPO=ECI) New Tab, opens new tab since May 2023 to combat price pressures.

On the stock market, the Top-40 (.JTOPI) New Tab, opens new tab index closed 0.2% lower while the broader all-share (.JALSH) New Tab, opens new tab index was down 0.25%.

Anglo American Platinum (AMSJ.J) New Tab, opens new tab fell 9.48% after BHP Group (BHP.AX) New Tab, opens new tab bid $38.8 billion for its parent Anglo American (AAL.L) New Tab, opens new tab.

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https://www.reuters.com/markets/south-african-rand-little-changed-before-producer-inflation-data-2024-04-25/