# South African key rate lowered at first decision under new inflation target | Reuters

> The South African Reserve Bank cut its main lending rate by 25 basis points to 6.75% at its first meeting since the inflation target was lowered. The move eased concerns that the new target would stop the bank from cutting rates.

- Date: 2025-11-20 · published 2025-11-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/22255-south-african-key-rate-lowered-at-first-decision-under-new-inflation-target
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower rates reduce the rand's appeal to carry investors, which tends to weaken the currency and raise the local cost of imported feed ingredients. The effect on global feed prices is modest.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-key-rate-lowered-first-decision-under-new-inflation-target-2025-11-20/

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