# Rand firm as Sarb keeps interest rates on hold - Moneyweb

> The South African Reserve Bank kept its policy rate on hold, and the rand firmed slightly to 12.9075 per dollar in early trade. Commodity currencies were softer after oil fell on the OPEC extension.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/71287-rand-firm-as-sarb-keeps-interest-rates-on-hold-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of dollar-priced feed ingredients, though the lack of a rate cut keeps domestic borrowing costs high for livestock producers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firm-as-sarb-keeps-interest-rates-on-hold/

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