# Kganyago ‘locks in’ on 3% inflation target  - Currency News

> The SARB cut its policy rate to 7.25%, the lowest in more than two years, and signalled a possible move to a 3% inflation target, its biggest framework shift since 2000. Ten-year bond yields fell to a four-month low and the rand strengthened about 1% against the dollar. The government has not yet made a final decision on the target.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/24984-kganyago-locks-in-on-3-inflation-target-currency-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower South African rates and a firmer rand reduce local import costs for feed buyers, and a framework change could support longer-term bond inflows. The direct effect on global feed prices is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- currencynews.co.za: https://currencynews.co.za/kganyago-locks-in-on-3-inflation-target/

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