# Rand becomes world’s worst performer of the day after Sarb holds rates - Moneyweb

> The rand slumped after the South African Reserve Bank held its policy rate at 7% against widespread expectations of a 25-basis-point hike. The currency fell as much as 2.5% and was the world's worst performer that day, while the 10-year bond yield rose 16 basis points to 8.96%.

- Date: 2026-07-24 · published 2026-07-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/18638-rand-becomes-world-s-worst-performer-of-the-day-after-sarb-holds-rates-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The unexpected hold raised dollar-based import costs in South Africa and reflected policy doubts that can weigh on emerging-market currencies. Effects on global feed commodity prices are limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-becomes-worlds-worst-performer-of-the-day-after-sarb-holds-rates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.