As expected, South Africa central bank kept rates unchanged at +6.75%.
USD/ZAR – The South African rand has fallen after the rate announcement. Prior to the release, many were expecting SARB to sound more ‘hawkish’ before the rate decision given the inflation increase in November. USD/ZAR has rallied to around $13.80, from $13.75 before the decision.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.