# ZAR/USD: More Hawkish Central Bank No Quick Fix for South Africa’s Rand - Bloomberg

> The South African Reserve Bank has tightened policy five times in a row, with the largest rate hikes in about two decades. Despite the hawkish stance, the rand is still heading for one of its worst monthly declines in July against the dollar.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40788-zar-usd-more-hawkish-central-bank-no-quick-fix-for-south-africa-s-rand-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher local rates support the rand, but persistent currency weakness raises the rand cost of imported feed ingredients and freight-linked inputs for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-22/more-hawkish-central-bank-no-quick-fix-for-south-africa-s-rand

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