# Rand firm against the dollar ahead of expected repo rate hike - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand firmed slightly against the dollar on January 27 ahead of an expected South African Reserve Bank repo rate hike to 4%. Consumer inflation reached a near five-year high of 5.9%, faster than expected.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43440-rand-firm-against-the-dollar-ahead-of-expected-repo-rate-hike-sabc-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of a rate hike and high inflation support the rand, which lowers the local cost of dollar-priced feed imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-firm-against-the-dollar-ahead-of-expected-repo-rate-hike/

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