# Rand Climbs As SARB Hikes Rates To Counter Inflation Risk

> The rand rallied late on May 28 after the SARB raised its key rate by 25 basis points to 7%. The rand traded near 16.3 per dollar, its highest level since mid-April, and the bank lowered growth projections.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/19552-rand-climbs-as-sarb-hikes-rates-to-counter-inflation-risk
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand after the hike reduces the local cost of dollar-priced grain and oilseed imports. Gains were capped by dollar strength and weaker gold prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- dmarketforces.com: https://dmarketforces.com/rand-climbs-as-sarb-hikes-rates-to-counter-inflation-risk/

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