# Rand extends gains after central bank surprise - Moneyweb

> The South African Reserve Bank surprised markets by leaving its benchmark rate unchanged at 6.75% on Thursday, with the committee split 3-3. The rand extended gains and bonds firmed as the carry trade regained appeal.

- Date: 2017-09-22 · published 2017-09-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69235-rand-extends-gains-after-central-bank-surprise-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher South African rates support the rand and lower import costs for feed ingredients priced in dollars, though the hold signals limited near-term relief for domestic borrowing costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-extends-gains-after-central-bank-surprise/

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