# The South African Rand Rises on SARB Signal of Steady Rates Ahead but the 2020 Outlook is Dire

> The rand rose after the South African Reserve Bank left its repo rate at 6.5% and signalled rates could stay steady until late 2020. Bond yields rose, supporting the currency.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56360-the-south-african-rand-rises-on-sarb-signal-of-steady-rates-ahead-but-the-2020
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Steady rates and a firmer rand slightly reduce the local cost of imported feed ingredients, while a weak domestic economy points to a difficult 2020 for feed demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/12426-south-african-rand-rises-after-sarb-signals-steady-rates-but-2020-outlook-is-dim

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