# South Africa's rand firms after CPI data, stocks down - Markets - Business Recorder

> The rand firmed after Statistics South Africa reported February consumer inflation of 2.9%, its lowest in eight months and below the central bank's target range. Markets still expected the central bank to hold rates at 3.5% at its decision the next day.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48419-south-africa-s-rand-firms-after-cpi-data-stocks-down-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower inflation supports the rand and keeps South African carry-trade appeal intact, which slightly lowers the local currency cost of dollar-denominated feed imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40077198

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