# Russia-Ukraine war spurs Sarb to turn hawkish - Moneyweb

> The South African Reserve Bank raised its benchmark rate by 25 basis points for a third straight meeting and signaled faster tightening through 2024. The move partly counters inflation pressures from Russia's war with Ukraine. The rand rose 1.6% to 14.5301 per dollar, its strongest level in five months.

- Date: 2022-03-25 · published 2022-03-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42554-russia-ukraine-war-spurs-sarb-to-turn-hawkish-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Tighter South African monetary policy supports the rand and raises domestic borrowing costs, which can slow local feed and livestock demand. The effect on world feed prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/russia-ukraine-war-spurs-sarb-to-turn-hawkish/

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