# Rand firms as central bank keeps rates on hold - Moneyweb

> The South African rand firmed on Thursday after the central bank held its repo rate at 6.5%, with the currency at about 14.70 per dollar. Stocks fell as renewed US-China diplomatic friction raised fears of a delay to a trade deal.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56356-rand-firms-as-central-bank-keeps-rates-on-hold-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers the local cost of imported feed inputs, while the rate hold keeps domestic borrowing costs elevated for livestock and feed operators.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-firms-as-central-bank-keeps-rates-on-hold/

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