# South Africa risk adds to rates pressure, Reserve Bank says - FurtherAfrica

> The South African Reserve Bank said rising country risk is pushing up interest rates despite falling inflation expectations. Moody's had cut South Africa's 2020 growth forecast to 0.7% and the rand was trading near 15.04 per dollar.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54871-south-africa-risk-adds-to-rates-pressure-reserve-bank-says-furtherafrica
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher domestic rates and a weaker currency raise financing costs and import prices for South African feed producers, though the effect on commodity prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- furtherafrica.com: https://furtherafrica.com/2020/02/19/south-africa-risk-adds-to-rates-pressure-reserve-bank-says/

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