South African Reserve Bank

21 July 2023 Softer South African Rand Helping GBP/ZAR Find Feet on Charts

The Pound to Rand exchange rate appeared to be finding its feet near notable technical support on the charts ahead of the weekend and after the South African Reserve Bank (SARB) signaled that its n…

20 June 2023 Pound to South African Rand Rate Steadies as Data and Macro Risks Abound

The Pound to Rand exchange rate steadied near some of its softest levels since the opening of May early in the new week but its path ahead is clouded by uncertainty about the outcome of inflation u…

25 May 2023 Sunken Rand Keeps from New Lows in GBP/ZAR as "Restrictive" SARB Weighs

The South African Rand narrowly avoided a new record low against the Pound on Thursday after sinking in response to a South African Reserve Bank (SARB) decision to adopt a "restrictive" interest rate…

23 May 2023 Pound to South African Rand Rally Stalls and Risks Further Falls

The Pound to Rand exchange rate has receded from seven-year highs and could unwind more of its recent rally if the South African Reserve Bank (SARB) succeeds in steadying its undervalued currency t…

05 April 2023 Pound to South African Rand Outlook Constrained by SARB Interest Rate Risk

The Pound to South African Rand exchange rate has retreated from almost two-year highs in recent trade but a heightened risk of further increases in the South African Reserve Bank (SARB) cash rate …

30 March 2023 South African Rand Rallies Like Rhino in China Shop on Hawkish SARB Surprise

The Rand rallied across the board in the penultimate session of the week after the South African Reserve Bank (SARB) raised its interest rate further than was expected and indicated that furth…

28 March 2023 Pound to South African Rand Exchange Rate Struggles as SARB Risk Looms

The Pound to South African Rand exchange rate rally has stalled at more than two-year highs in recent days but it could remain elevated near those levels if domestic economic difficulties lead…

21 September 2022 South African Rand Buoyant Ahead of Fed but SARB Decision Also Key for Outlook

The South African Rand was an outperformer ahead of September's Federal Reserve policy decision but could rise further against some currencies ahead of the weekend if the South African Reserve Bank…

15 September 2022 South African Rand Facing Risk of High Volatility in Central Bank Bonanza

The South African Rand fell to two-year lows in the penultimate session of the week and could be heading toward highly volatile week in which the South African Reserve Bank (SARB) is set to announc…

22 July 2022 Outperforming South African Rand Benefits from SARB's Inflation Pushback

The South African Rand outperformed all comparable currencies ahead of the weekend and a barely a day after the South African Reserve Bank (SARB) sought to tamp down domestic inflation expectations…

21 July 2022 Rand Jumps against Pound After SARB Hikes 75bp

The Pound to Rand exchange rate was left struggling after its earlier rally was stymied when the South African Reserve Bank (SARB) announced its largest interest rate rise for two decades in a bid …

19 May 2022 South African Rand Rallies after SARB Raises Cash Rate and Lifts Forecasts

The Rand extended an earlier rally with further sharp gains over many counterparts after the South African Reserve Bank (SARB) announced its largest increase in its cash rate for six years and rais…

25 March 2021 South African Rand Outlook Smoothed after SARB Raises Forecasts and Asks for Currency Strength

The Rand was soothed and the outlook for it smoothed on Thursday after the South African Reserve Bank (SARB) upgraded its forecasts and gave the currency market a not-so-subtle hint that it has no …

21 January 2021 South African Rand Slips after SARB Keeps Rate Cut Option On Table

The South African Rand was on the slide Thursday as the Dollar popped higher during North American trading and after the South African Reserve Bank (SARB) kept its monetary policy powder dry b…

15 January 2021 South African Rand Braced for Further Impact as SARB Set to Navigate Minefield

The Rand was losing a battle to recapture December's highs from the Dollar and Pound on the Friday but could be further tested over the week ahead when the South African Reserve Bank (SARB) se…

19 November 2020 Rand Caught by Steady Hand of the SARB as Dollar Crimps Rally in Emerging Market Currencies

The Rand steadied late in a third consecutive session of losses Thursday after the South African Reserve Bank (SARB) left its interest rate unchanged, although with the Dollar resurgent alongside c…

17 September 2020 South African Rand Looks to March Highs after SARB Eschews Rate Cut

The Rand shone Thursday after the South African Reserve Bank (SARB) eschewed what would’ve been its fifth rate cut this year despite a darkening economic outlook that forced a downgrade of the bank…

15 September 2020 South African Rand Seen Rising Further by Month-end but Thursday's SARB Decision a Banana Skin

The Rand charged higher alongside the Chinese Yuan and international stock markets on Tuesday but may rise even further before month-end, according to new research from Investec, although Thursday'…

17 January 2019 South African Rand Slips after Reserve Bank says Fewer Rate Hikes Needed

The Rand weakened Thursday after the South African Reserve Bank (SARB) said the nation's inflation outlook has improved significantly since its November policy statement and there is now less reaso…

20 September 2018 Rand Gains after South African Reserve Bank Interest Rate Decision and Ramaphosa's Commitment to Economic Stimulus

The Rand rose Thursday as traders responded to a hawkish interest rate statement from the South African Reserve Bank (SARB) and the government's surprise announcement of an economic stimu…