# South African rand holds gains after SARB focuses on lower inflation target | CNBC Africa

> The South African rand held most of its previous-day gains in early trade on Friday after the Reserve Bank stressed a preference for a lower 3% inflation target. The SARB presented modelling of a 3% target against the 4.5% midpoint of its current 3-6% range. The rand traded at 17.8425 per dollar, about 0.1% weaker, as a stronger dollar weighed.

- Date: 2025-05-30 · published 2025-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/24978-south-african-rand-holds-gains-after-sarb-focuses-on-lower-inflation-target
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of imported feed ingredients for South African buyers, while a stronger dollar works the other way. The effect on global feed grain prices is minimal.

## Read by commodity

- USDZAR: neutral

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2025/south-african-rand-holds-gains-after-sarb-focuses-on-lower-inflation-target

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