# Rand price weaker after local inflation data and ahead of SARB rates decision | IG South Africa

> The rand weakened ahead of South African inflation data and the SARB rate decision, with consensus expecting a hold at repo rate 8.25%. October CPI rose to 5.9% year on year from 5.4% in September.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33453-rand-price-weaker-after-local-inflation-data-and-ahead-of-sarb-rates-decision
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of a rate hold and a firmer rand reduce pressure on South African import costs for feed, with little direct effect on global grain prices.

## Read by commodity

- USDZAR: neutral

## Sources

- ig.com: https://www.ig.com/za/news-and-trade-ideas/rand-price-weaker-after-local-inflation-data-and-ahead-of-sarb-r-231122

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