# COVID-19: Economists react to SARB’s 50bps rate cut | CNBC Africa

> The rand extended its winning run, strengthening more than 1.5% after the South African Reserve Bank cut interest rates by a further 50 basis points, citing low inflation risks. Economists were interviewed on the impact of the cut on the real economy. The piece is a brief preview of the commentary.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/53444-covid-19-economists-react-to-sarb-s-50bps-rate-cut-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower domestic interest rates weigh on the rand and can shift import costs for feed buyers, though the immediate effect here was a currency gain.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2020/covid-19-business-reacts-to-sarbs-50bps-rate-cut

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