# Rand rebounds ahead of rate decision, stocks slip - Moneyweb

> The rand recovered on Wednesday from its weakest level in a month after South African consumer inflation rose to 4.8% in August, below expectations. A treasury dollar bond issue worth $2.5 billion also supported the currency, and the central bank was due to decide on rates the next day.

- Date: 2017-09-20 · published 2017-09-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69239-rand-rebounds-ahead-of-rate-decision-stocks-slip-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand after softer-than-expected inflation lowers the local cost of dollar-priced feed imports, although the expected rate cut points to weaker domestic currency conditions over time.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-rebounds-ahead-of-rate-decision-stocks-slip/

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