# Rand rallies on optimism today’s rate hike isn’t just a one-off - Moneyweb

> The rand rose as much as 1.3% against the dollar after the South African Reserve Bank lifted its repurchase rate to 6.75% from 6.5%. The central bank's model signals four more increases by the end of 2020. The yield on rand bonds due 2026 fell eight basis points.

- Date: 2018-11-22 · published 2018-11-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/62338-rand-rallies-on-optimism-today-s-rate-hike-isn-t-just-a-one-off-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the local cost of dollar-priced feed imports. Further rate hikes signalled by the central bank could keep supporting the currency.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-rallies-on-optimism-todays-rate-hike-isnt-just-a-one-off/

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