# South Africa's rand slips from 5-month high after lending rate hike | Reuters

> South Africa's rand weakened from a five-month high against the dollar on Friday, though it still posted a weekly gain. The central bank had raised its repo rate, citing inflation risks linked to the Ukraine crisis. The rand traded at 14.5755 per dollar, 0.46% weaker on the day.

- Date: 2022-03-25 · published 2022-03-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42551-south-africa-s-rand-slips-from-5-month-high-after-lending-rate-hike-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A higher South African policy rate supports the rand, but the currency's gains are being partly unwound. Rand moves affect the cost of South African-sourced feed inputs and the competitiveness of local exports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africas-rand-holds-5-month-high-after-lending-rate-hike-2022-03-25/

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