# South African rand and dollar bonds gain as inflation target lowered | Reuters

> The rand strengthened to about 17.07 per dollar, up 0.5%, after the finance minister announced a lower inflation target that investors had expected. South African dollar-denominated bonds also gained.

- Date: 2025-11-12 · published 2025-11-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/22254-south-african-rand-and-dollar-bonds-gain-as-inflation-target-lowered-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A lower inflation target improves the policy outlook and supports the rand, which can ease local costs for imported feed ingredients. The impact on global feed prices is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-steady-before-mid-year-budget-review-2025-11-12/

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