# South African central bank expects volatile rand in 2019 - Moneyweb

> Deputy Governor Daniel Mminele said the South African Reserve Bank expects the rand to stay volatile in 2019, with an average forecast of 14.50 per dollar. He added that policy would focus on second-round inflation effects rather than short-term market moves. The rand has fallen more than 20% against the dollar in 2018.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62333-south-african-central-bank-expects-volatile-rand-in-2019-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand volatility feeds into the local cost of imported feed ingredients and makes forward cost planning harder for buyers. The central bank's stance suggests no immediate policy shift to offset currency swings.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/south-african-central-bank-expects-volatile-rand-in-2019/

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