# The ZAR goes for a ride ahead of FOMC and BoE announcements as inflation figures are released - Invezz ZAR rides inflation figures ahead of rates announcements

> South Africa's November inflation came in better than expected, with fuel-price inflation falling to 1.8% from 11.2% in October. The rand rebounded after the release, and the USD/ZAR pair sat near 19.09 ahead of the FOMC and Bank of England decisions.

- Date: 2023-12-13 · published 2023-12-13T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33009-the-zar-goes-for-a-ride-ahead-of-fomc-and-boe-announcements-as-inflation
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower inflation strengthens the case for future SARB rate cuts and affects rand-denominated import costs. Feed commodity prices are not directly moved by this currency swing.

## Sources

- invezz.com: https://invezz.com/news/2023/12/13/zar-rides-inflation-figures-ahead-of-rates-announcements/

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