# South African Rand Outlook Smoothed after SARB Raises Forecasts and Asks for Currency Strength

> The South African Reserve Bank upgraded its 2021 inflation and GDP growth forecasts and signalled it had no objection to a stronger rand this year. The rand traded between 14.75 and 15.00 per dollar while most emerging-market currencies weakened.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48420-south-african-rand-outlook-smoothed-after-sarb-raises-forecasts-and-asks-for
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The central bank's signal of tolerance for a stronger rand suggests limited pressure on the currency, which can gradually ease dollar-priced import costs for feed buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/15204-south-african-rand-soothed-after-sarb-raises-forecasts-and-asks-for-fx-strength

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